Cardano: First IBC Testnet Link With Injective Live
Cardano and Injective activate first live IBC connection on testnet, enabling ADA and INJ transfers at $0.19 with bullish MACD signals.
SourceAnalysis
Cardano and Injective activated the first live onchain IBC connection on testnet, allowing ADA to flow to Injective and INJ to reach Cardano ecosystems for expanded liquidity and applications.
With price at $0.19 testing upper Bollinger resistance at $0.2 while RSI sits neutral at 69.87, a healthy retracement to the 50-EMA support at $0.17 appears probable before continuation, reinforced by the MACD golden cross at 0.01 and EMA50/EMA200 confluence at $0.17 as long-term floors. This development sharpens near-term ADA price prediction models and highlights Cardano interoperability upgrades amid broader cross-chain momentum.
Dave
@ItsDave_ADACardano ecosystem contributor operating the DAVE Stake Pool and serving as a DRep in network governance.
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