Cardano Ada
Token rose 3% in the last 24 hours, quoting about $ 0.6460 at noon on Monday after reaching a maximum of $ 0.6502. The price advance coincided with a new milestone in reference that reinforces the long -term strength of the network.
According to a Taptoools X position, Cardano has now exceeded 1.3 million rethinking directions, consolidating its status as one of the most widely staked block chains in the world. This occurs in the midst of continuous development within the ecosystem and follows the proposal of the founder Charles Hoskinson to assign $ 100 million in Ada of the Treasury to Bitcoin and Stablecoins to improve the liquidity of the DEFI.
Despite the recent whale exits, ascending to more than 270 million ADA last week, the feeling of the market has remained constructive. Ada maintained his ascending trajectory during the entire analysis period, reflecting the constant interest of the buyer. The Token continues to operate just below its daily peak and shows signs of accumulation near the top of its current range.
TECHNICAL ANALYSIS
- Ada quoted between $ 0.6219 and $ 0.6502 during the analysis period, marking an intradic range of 4.55%.
- The price broke above the resistance of $ 0.635 and the support established at $ 0.637, then reaffirmed at $ 0.648.
- The highest minimums and the constant increase in volume confirmed a bullish continuation pattern.
- At 07: 15–07: 16 GMT, ADA increased almost 0.4% in volume greater than 5.3 million units, the most active minute in the observed period.
- Towards the end of the analysis window, ADA went from $ 0.646 to $ 0.649 before briefly consolidating around $ 0.646.
- The final candle per hour within that period was closed with a gain of 0.5%, preserving the bullish trend structure.
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