The post Cardano To Confront 3.2 Billion ADA Resistance As Price Explodes appeared on BitcoinEthereumNews.com.

Cardano (ADA) is currently riding on a bullish market momentum, with a crucial resistance ahead of the coin. ADA has jumped by more than 16% in 24 hours to the $0.44 range. Whale activities are also on the rampage at the moment, as ADA pushes to the top 9 position in the crypto market. Cardano Returns to Multi-Month High As Price Retakes 9th Position The current price surge has pushed ADA to the highest value it has seen in months. Cardano fell from the top ten crypto position earlier this year, giving way to Toncoin (TON) and later TRON (TRX). However, a recent increase in the price of ADA has reintroduced it into the spotlight. – Advertisement – ADA is now officially the 9th-biggest cryptocurrency by market capitalization, according to market data. ADA’s price has surged by 33.88% in the past few days, to $0.4436, its highest level since late July. According to Santiment, ADA’s price has pumped over 25% in the last three days, demonstrating its resilience in the market. With ADA’s recent surge, Santiment anticipates some retail FOMO ahead. This upward movement in price has pushed ADA’s market capitalization to $15.2 billion. The impressive growth shows that people are getting interested in ADA again. This is further reinforced in ADA trading volume, which increased by 165% to over $1 billion. Meanwhile, recent IntoTheBlock data shows about 3.2 billion ADA supply might trigger the next crucial resistance. A strong breakout could spur additional buying interest and support the trend’s continuation as ADA continues to receive market attention. However, the state of the market and the degree of bullish momentum will determine how long this rally lasts. ADA may establish a strong uptrend if buyers keep control and volume rises. Whale Transactions in Blowout Mode Whale activities on Cardano are…

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Filed under: News - @ November 10, 2024 2:11 am