Cardano

mini

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
An interesting situation has formed on the price chart of&nbsp;<a href="https://u.today/481-billion-cardano-ada-sell-wall-sparks-fresh-concern" rel="noopener noreferrer nofollow">Cardano (ADA)</a>, drawing the attention of keen market observers. Over the last four months, Cardano's price has been on a relentless decline.
However, it has now arrived at a crucial support level, historically significant in its pricing trajectory. The $0.35 mark per ADA is particularly noteworthy, as it was the price point where Cardano's value surged following its 2018 listing on Binance, the world's largest exchange. This level has consistently served as a pivotal support or resistance point for ADA.
Recently, this support level has proven its strength once again. After a 12% drop last week, Cardano's price held firm at $0.35. Following this stabilization, the weekly candle closed above this mark, leading to an epic 15.3% increase in&nbsp;<a href="https://u.today/cardano-makes-strides-in-gaming-space-with-new-milestone" rel="noopener noreferrer nofollow">ADA's</a> price over the next four days. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="97dc1543-b732-4f21-8181-74080266a11e" src="https://u.today/sites/default/files/inline-images/ADAUSDT_2024-07-11_18-47-10.png">Source: <a href="https://www.tradingview.com/x/yGGln6V1/" rel="noopener noreferrer nofollow">TradingView</a>
What makes this rise even more intriguing is that it occurred on relatively low trading volumes. Despite being the 10th largest token by market capitalization, Cardano's trading turnover places it only in 17th place.
<h2 dir="ltr" id="under-the-radar">Under the radar</h2>
While trading activity for ADA is currently subdued and market participants' attention is diverted elsewhere, the token is quietly experiencing its own mini bull rally. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="35e636d9-6389-45bc-ae80-00d27c123132" src="https://u.today/sites/default/files/inline-images/cqardano.png">Source: <a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
This pattern suggests a potential ultra-bullish trend for&nbsp;<a href="https://u.today/cardano-ada-skyrockets-1218-in-whale-inflows-whats-going-on" rel="noopener noreferrer nofollow">Cardano</a> that has gone largely unnoticed. As ADA holds strong at this crucial support level and begins to climb, investors may find renewed interest in this "dino" coin. The low trading volumes accompanying the price rise could signal significant upside potential if the attention of market participants shifts toward Cardano.
In conclusion, while Cardano's recent price action might be flying under the radar, the formation of this bullish pattern presents an intriguing opportunity for attentive investors.

Ultra-Bullish Cardano Price Pattern No One Talks About

Mục lục

U_Today

Các bài viết khác được xuất bản trên 11 thg 7, 2024

Zero Hash Integrates Sui Blockchain Accessibility

Analyst Predicts Bitcoin’s Potential for Significant Price Increase

SSV.Network Powered Simple DVT Module Officially Goes Live

Mt. Gox Begins Long-Awaited Bitcoin Repayments, Sparking Market Volatility

Key Tokens for a Diversified Crypto Portfolio

Saakuru Emerges as Web3 Gaming Leader as it Hits 5M Daily Transactions

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!