Cardano (ADA) developer Input Output Hong Kong (IOHK) dropped a video digesting the mid-July DDoS attack on the network with experts.
Cardano developer IOHK explained how the network was defended against the recent DDoS attack. The network suffered a spam incident early in July, and despite the load on the chain, transactions were processed at a reduced rate. Cardano hovers below $0.40 on Friday, losing nearly 3% value this week. Cardano developer Input Output Hong Kong dropped a video digesting the mid-July DDoS attack on the network with experts.
3575 support holds and buying interest appears, Cardano could rally nearly 40% toward its target of $0.50. The altcoin rallied to this level in mid-May, as seen in the ADA/USDT daily chart below. The Relative Strength Index momentum indicator reads neutral at 41.90. ADA/USDT daily chart A daily candlestick close above $0.42 resistance could invalidate the bearish thesis for Cardano.
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