Cardano (ADA), one of the powerful players of the crypto money market, continues its resistant stance despite the harsh fluctuations in recent days. According to CoinMarketcap data, the island maintained its place in the 10th place in the market ranking, while the limited increase in the price attracted the attention of investors. The island, which recorded a 0.64 %rise in the last 24 hours, recovered from $ 0.6197 and climbed up to $ 0.6340. This movement can turn into a new rise signal as technical indicators supported.
Productive signals according to technical appearance
Cardano’s daily price graph shows that the possibility of recovering in the short term is strengthened. The fact that the 9 -day moving average is about to cut the 21 -day average upward stands out as a classic short -term rise indicator. At the same time, the Awesome OSCilator (AO) indicator indicates the weakened seller pressure in the negative field, reinforces the rise -oriented expectations. These data are seen as an important sign that the price movement can gain acceleration again.
The fact that the price is in the short -term consolidation process is also technically important. This compression between the levels of support-reasons that investors frequently follows can be a harbinger of a potential break. Especially if the island, which is balanced at $ 0.6282 at the level of $ 0.6282, may cause it to test new levels of resistance.
The “Open Interest” data observed in the derivative markets increases by 4 %within one hour. This reveals that investor interest is revived and the appetite of opening a position has increased.
Corporate interest and product developments stand out
There are also remarkable developments in the corporate front of Cardano. While total island investment exceeds 1 billion limits, the total value of these investments is over $ 629 million. This increase is considered as a reflection of both corporate investor interest and general trust in the market.
In addition, the stinging integration between Cardano and Bitcoin is on the close agenda of the industry. According to information shared by Coingape, this integration is expected to be implemented in a short time. This long -awaited development can increase the interest of investor while expanding its usage areas for the island.
The fact that ETF applications are on the agenda further reinforce the approach of corporate actors to Cardano. Especially the fact that corporate capital turns to projects such as the island stands out as an important element that can affect price dynamics in the long run. These developments, which are combined with the strengthening of technical signals, increase expectations that the island can gain momentum in the market.
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.
