The post Cardano Bulls Target the $0.40 Levels Amid the Launch of Valentine Upgrade appeared first on Coinpedia Fintech News

Cardano’s Valentine upgrade launched on the Cardano mainnet on Tuesday and ever since the announcement, the price has been soaring. ADA underwent a brief pullback in February following the massive gain in January in order to refuel the faltering bullish momentum. The coin price consequently dropped 12% from the previous week and attempted support around $0.357 again. 

Cardano’s price found support close to the $0.345 area after a continuous fall. Price fluctuated as low as $0.3454 before beginning a steady rise recently. The $0.365 and $0.370 resistance levels were clearly broken. On the upside, the $0.392 area is a close-by immediate resistance. Near the $0.407 region, the next significant resistance is developing. In the last 24 hours, Cardano’s ADA has surged more than seven percent.

The Cardano project’s developer, Input Output Global (IOG), revealed the upgrade’s inclusion of support for the Plutus SECP cryptographic primitive in a tweet on Valentine’s Day. The IOG later clarified in a tweet that SECP native support encourages cross-chain interoperability while preserving the highest level of security.