ADA trades above key EMAs, supported by bullish RSI and MACD indicators.
Potential rally awaits if ADA surpasses the $1 psychological level.
Cardano (ADA) price faced high volatility in the last two months hovering around key EMAs. However, recently it gave a massive breakout above the 50-day and 200-day EMA levels. The breakout demonstrates that buyers have an edge over the sellers.
Last week ADA price increased about 38.44% amid the announcement of Trump’s US crypto reserve. This news boosted the confidence of buyers and resulted in a significant price surge.
According to CoinMarketCap data, at the time of writing ADA price is trading at $0.94500 with an intraday surge of 17% indicating bulls’ dominance. However, the daily trading volume has slightly decreased by 16%. The volume-to-market ratio is 15.24% indicating adequate liquidity. Furthermore, the market cap is $33.2 billion and the 24-hour trading volume is $5.03 billion.
Will ADA Break Above The $1 Mark?
We współpracy z: https://thenewscrypto.com/cardano-ada-bounced-back-after-dropping-24-in-a-day/
