Cardano

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ADA broke out higher, near the SMA 200 ($0.3229), after a buying action. 
Cardano faced volatility but showed resilience. Technical indicators suggest short-term upward momentum. 
The buying frenzy for ADA has been a sight to behold as the asset climbs above its 200-day simple moving average (SMA 200). The SMA 200 is an important technical indicator that reflects the long-term trend in the price of an asset. 
In this case, ADA opened the daily trading session at an intra-day low of $0.3024 and steadily increased in value to its current state of $0.3229. This indicates that the asset is now trading near its 200-day moving average, suggesting that a long-term uptrend could be underway. 
<h2 id="cardano-ada-faces-volatility-as-gains-retreat-amid-positive-xrp-verdicts">Cardano (ADA) Faces Volatility as Gains Retreat Amid Positive XRP Verdicts</h2> 
<a href="https://thecryptobasic.com/2023/07/13/xrp-wins-against-sec-rallies-30-becomes-only-crypto-with-regulatory-clarity-in-us/" target="_blank" rel="noopener noreferrer nofollow">XRP case</a> 
These positive verdicts sent optimism through the crypto market, propelling Cardano to a soaring increase of over 21.55% in the past 30 days. During this surge, traders and investors exhibited restored confidence in digital currencies, and ADA emerged as one of the prime beneficiaries. 
<figure id="attachment_52625" aria-describedby="caption-attachment-52625" style="width: 100%" class="wp-caption aligncenter"> 
 <img decoding="async" class="size-full wp-image-52625" title="ADA price action in the last 24 hours" src="https://thecryptobasic.com/wp-content/uploads/2023/07/ADA-price-action-in-the-last-24-hours.png" alt="ADA price action in the last 24 hours" width="624" height="415" srcset="https://thecryptobasic.com/wp-content/uploads/2023/07/ADA-price-action-in-the-last-24-hours.png 624w, https://thecryptobasic.com/wp-content/uploads/2023/07/ADA-price-action-in-the-last-24-hours-600x399.png 600w, https://thecryptobasic.com/wp-content/uploads/2023/07/ADA-price-action-in-the-last-24-hours-150x100.png 150w, https://thecryptobasic.com/wp-content/uploads/2023/07/ADA-price-action-in-the-last-24-hours-300x200.png 300w" sizes="(max-width: 624px) 100vw, 624px"> 
 <figcaption id="caption-attachment-52625" class="wp-caption-text">
 ADA price action in the last 24 hours 
 </figcaption> 
</figure>... 
<a href="https://thecryptobasic.com/2023/07/19/ada-attempts-to-break-above-0-3229-after-a-brief-buying-spree/" rel="noopener noreferrer nofollow">Read more</a>

ADA Attempts To Break Above $0.3229 After A Brief Buying Spree

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