CARDANO $0.975778The harsh price movements of his (Ada) in the last 48 hours worried investors. In the crypto currency market in the last 12 hours with a harsh liquidation, while the price of the island decreased by 25 percent to $ 0.79. This harsh decline in the price caused a 30 percent decrease in the transaction volume. However, large investors seem to accumulate the island by making purchases at these levels. Technical analysis altcoinHe points out that the rise may come again if a significant support level is preserved.
Liquidations in Ada Coin exceeded $ 40 million
Ada CoinThe harsh decline in the price of the price has left its investors in the term trading market in a difficult situation. According to the data of the in -chain analysis Company Coings, the island investors lost a total of $ 43.9 million in the last 24 hours.
32.2 million dollars of these losses came from long (Long) positions, and $ 11.71 million came from short (Short) positions. The high volatility of the price led to harsh liquidation in leverage processes.
On a single screen instant prices, important data, news, latest developments, comments and discussions at Chat! Come right away from your eyes!
In particular, investors with Long position suffered great damage. Because the price of the island lost 25 percent in 24 hours. Those with Short positions were less damaged.
On the other hand, Altcoin’s transaction volume fell by 30 percent in this process. This is of many investors ISLANDshows that he was withdrawn from.
TECHNIQUE IMPORTANT LEVELS AND RISE PRESIDENT
Cardano has found strong support at $ 0.80. According to experts, this level was broken before the rise before the rise and the price had quickly moved upwards.
If the island can maintain $ 0.80, it has a 35 percent rise potential if it does not close daily candle under this threshold. In this case, the price can be expected to rise up to $ 1.14. However, if this support is lost, the island can be withdrawn to $ 0.65 with a decrease of 20 percent.
In addition to technical analysis, in -chain data show that large investors continue to accumulate island coin. Again CoinglassAccording to data, the island of $ 110 million was withdrawn from the stock exchanges in the last 48 hours. This table points out that the long -term expectations of investors in Altcoin are positive.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
