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Does Cardano (ADA) gain the speed on the road to $ 2?

  • Cardano collects after $ 1.06 with a 60 % increase.
  • The daily ADA size increases by 1455 %.

With an increase of 8.80 %, the maximum Crypto market was fresh to $ 3.09 trillion. The last announcement of the US President Donald Trump’s reserve, which includes Kardano, reflected a significant increase in prices, gathering more than 60.95 % after a long trend.

ADA regained $ 1 and exceeded the level for the first time in more than a month and appeared as the best winner. ADA community is abuzz after advertising.

ADA price scheme (Source: CMC))

In the first hours, Ada Trading At the lowest level, at 0.6461 dollars. After the bulls, the price was installed to the highest daily level of $ 1.13. He broke the decisive resistance at $ 0.8623 and $ 1.02.

At the time of writing this report, Cardano is trading $ 1.06 with daily trading volume of $ 9.24 billion. It is worth noting that the market has witnessed 67.61 million dollars Ada filtering During this period.

Cardano has gained more than 42.88 % in the past seven days. The original began in the entire trading of $ 0.7443. ADA failed to enter the ups and slide to the minimum weekly minimum $ 0.5824.

Is the ADA rally built until it lasts?

The candlestick shows for four hours of Cardano to correct the active bullish direction. The emerging golden cross will push the price up to its highest new levels. In this case, Cardano can test the decisive resistance of $ 1.16. Ada’s ongoing gains can be paid to challenge or exceed ATH.

If buyers lose control, Cardano is likely to test immediate support at $ 0.9622. The collapse here may open the door for more declines, reconsidering previous support levels. Assuming the appearance of the death of death, the declining momentum can increase, which leads to a decrease in the price.

Cardano crosses the average medium divergence line (MACD) from the signal line, indicating the bullish intersection. It may lead to another increase in the price. Traders this event is a signal signal in the market.

Moreover, Chaikin (CMF) is indicated at 0.31 that the money flows to the original, which reflects a strong direction and strong pressure to buy. Meanwhile, ADA’s daily trading volume increased by more than 1455 %.

The value of the power of the bull bear (BBP) at 0.406 Indicate The bulls have the upper hand on the market. Moreover, the daily relative strength index in Cardano (RSI) remains at 79.03 assets in the peak of purchase, indicating a strong rise momentum with a potential risk of decline or correction.

Release responsibility: The opinion expressed in this article is only the author. It does not represent any investment advice. TENEWSCRYPTO team encourages everyone to conduct their own research before investing.

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