Cardano – Daily Chart
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Investing.com – Wallet hardware provider Ledger has announced that version v.4.0.0 of the application is available in Ledger Live. Among the new features, the application now supports smart-contracts.
The company thus responds to the fact that the blockchain has had a Smart Contract function since the update of September 12, 2021.
After the update of the new Cardano app, users have the possibility to interact with smart contracts directly from the app. The prerequisite, however, is that the firmware of the Ledger is updated.
Cardano founder Charles Hoskinson was very impressed with this new development and praised Ledger for his excellent work.
Technical thresholds to watch on Cardano
Cardano was unable to take advantage of this, however, as it is down -4.29% today with a price of $0.8516.
On the daily chart, we can see that the 78.6% Fibo retracement of the rally has been broken from $0.7478 to $1.2439.
Currently, there is a recovery from the recent low of $0.8172. If a sustained break above $0.8540 is managed, the rally can be extended towards the psychological mark of $0.90 and the 61.8 percent Fibo retracement of $0.9373.
Otherwise, losses are likely to be recorded at the origin of the previous rally at the level of $0.7478.
By Marco Oehrl