Cardano (ADA) saw a small recovery at today’s session, returning to $ 1 after slipping under it at previous sessions.
Kardano saw a profit after reaching a maximum of $ 17, on January 17. The fall stopped on January 20 after two days in a row, and the price increased for a short while to $ 1.10. But the bears would not give up, resuming the fall and bringing the ADA to a minimum of $ 0.95 at a trading session on Tuesday.
The long trend continued at today’s session, when the ADA barely recovered to the Daily SMA 50 at 1.01 dollars, approximately where it is now trading. Kardano fought to hold the $ 1 mark at the time of writing, gaining 1.02% over the last 24 hours to $ 1.00.
A small rebound of Kardano coincides with the bear indicator of the “Cross of Death” in hourly diagrams. The deadly cross occurs when the short -term sliding average intersects below the long -term sliding average, which indicates the potential movement of the descending price. In the case of Cardano, the 50-hour sliding average passed below the 200-hour sliding average, which indicates the “Cross of Death” and causing fears about its short-term prices.
The general cryptocurrency market showed subtle signs of recovery, helping ADA’s rebound. According to Ali, the crypto -analyst, the network activity of Cardano (ADA) continues to demonstrate strength, and daily active addresses reach higher maximums and reach 50,828.
Progress achieved for the flesh, hard fork
Progress was achieved in the direction of the flesh of the hard fork, since in the previous 24 hours more than 90% of the Cardano blocks were produced using the version of the node 10.1.4, which significantly reduced the risk of DOS attack after a hard fork.
Plomin Hard Fork also achieved significant progress in achieving three expected thresholds. In recent days, the requirements for updating SPO and SPO have been fulfilled, and four of the seven constitutional places voted.
The action of the control of a hard fork should be approved at least 51% of Kolya pools, and the temporary constitutional committee should ratify it with a threshold of 66.7% or higher, which is equated with five of the seven places voting yes.
In addition, at least 85% of the active bullets of Kolya were up to the version of the Kardano node, which supports the hard fork.
