- Cardano (ADA) grew by 8.52% to $ 1.00, led today’s growth of crypto -market.
- Global crypto-market capitalization reached $ 3.3 T from $ 70.29 billion in 24 hours.
Cardano (ADA) led to today’s growth of crypto -market, rising by 8.52% in the last 24 hours. He briefly reached 1.03 dollars before retreating to $ 1.00. Global crypto -market capitalization is 3.3 trillion dollars, which reflects an increase of 0.48% over the last day.
Nevertheless, the total crypto -market fell by 47.64% to 70.29 billion dollars for the same period. The ADA market capitalization reached 35.23 billion dollars, while its trading volume increased by 11.05% to $ 1.27 billion. This surge can coincide with the recent Cardano partnership with FC Barcelona to increase the involvement of fans and transaction on the network. Despite a positive impulse, the ADA remains limited under a critical level of resistance in the amount of $ 1.00 from the limited activity of investors.
Bull indicators for ADA
The RSI Cardano is 56.22, which indicates a neutral impulse, but in the future to bull territory. On average, RSI 47.02 shows a gradual restoration of market moods. Cash flow CHAIKIN (CMF) is positive at 0.09, signaling an increase in the influx of capital in the ADA.
The key resistance is located at $ 1.05. ADA can aim at $ 1.10 as the next main resistance level, if they are broken. Support remains at $ 0.95. Violation below this can reduce the price to 0.90 US dollars.
Medium movements provide a mixed signal. The 20-periodic intersection of MA above the 50-periodic MA reflects a short-term bull tendency. Prices above 100-periodic MA also enhances optimism. However, stable profit requires a stronger purchase. The market does not show a significant crossover, which involves a stable phase of consolidation.
If the current impulse persists, the ADA can continue testing the resistance levels. Cardano technical indicators indicate a consolidation market with a profit potential. The gap of $ 1.05 is crucial for the bull continued, aimed at $ 1.10 or higher. Nevertheless, a decrease in the volume of a wider market can lead to the fact that to withstand ADA performance.
