From the silent Altcoins of the last period CARDANO $0.968027On August 14, the volume of the (Island) futures market leaps to $ 6,96 billion throughout the stock exchanges and saw the highest level of the last five months. The increase in volume strengthened the expectation of short -term breakage with the price carried over the triangular formation after consolidation. Cryptoappsy According to data, Ada Coin is traded at $ 0.9190 at the time of the news on a weekly rise on a weekly basis. Altcoin’s price was up to 0.98 dollars on August 17th. The eye of the market is now on the resistance line in the $ 1,00–1.25 dollar band.
Volume explosion may be a hint of break
According to Glassnode’s data Ada CoinThe term volume of the transaction was watched for months in the range of $ 1-4 billion, while on August 14, $ 6.96 billion. Analyst Ali Martinez said, “Cardano’s futures volume rose to $ 6.96 billion, the highest of the last 5 months!” He drew attention to the rise with his sharing.
On the price side, the table coincides with the technique. ISLANDOn August 17, after the narrow band movement, the triangular formation on the upper line and tested $ 0.98. Although it falls 3 percent in 24 hours, the strong table in the weekly earnings is preserved. Investors follow up to $ 1.00 in Altcoin as a psychological threshold. It is not expected to have a new acceleration in the upward direction without permanence above this level.
Market expectations for Cardano
For Cardano, market expectations are quite positive. Market PROPHIT The data reflects that both the perception of investor and the model -based indicators turn into good. Analyst Dan GambardelloAt this point, pay attention that $ 1.25 is an important threshold for a more general rise. pulled. In the graph it shared, it highlighted its $ 1,00–1.25 range as a hill zone that stops rise in the past.
On the corporate wing, Grayscale’s creating a trust for the island in Delaware last week brought a new debate. Although a possible Spot Cardano ETF has been discussed in the market, there is no official application so far. However, my Trress altcoinThe price of $ 1,10–1.25 was approaching the dollar band and caused the focus to gather on the island.
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.
