Cadano’s blockchain, the future looks bright for ADA – The Cardano price has surged by 6% in the past 24 hours, reaching a value of $0.404805 with a 24-hour trading volume of over $600 million. This is the highest it has been in nearly two weeks, with ADA also up by 8% in seven days and by 59% in a month.
This makes ADA one of the best-performing major cryptocurrencies in the market, with growth in the usage of the Cardano-based stablecoin DJED one of the biggest factors in its recent growth. And with the rise of DJED also pointing to the growing utility of Caradano’s blockchain, the future looks bright for ADA.
Tadano’s blockchain, there is good reason to believe that its price will continue to surge in the coming weeks and months. the future looks bright for this cryptocurrency.
ADA’s indicators show that the altcoin is in the middle of a pronounced upswing. Its relative strength index has jumped to 70 or above in the past couple of weeks and it remains there, signaling ongoing positive momentum.
Even more promisingly, the coin’s 30-day moving average is getting closer to rising above its 200-day average. If it were to cross the longer-term average, this would form a ‘golden cross,’ which potentially signals an even bigger breakout.
ADA’s indicators are showing that the altcoin is in the middle of a pronounced upswing. Its relative strength index (purple) has jumped to 70 or above in the past couple of weeks and it remains there, signaling ongoing positive momentum.
Even more promisingly, the coin’s 30-day moving average (red) is getting closer to rising above its 200-day average (blue). If it were to cross the longer-term average, this would form a ‘golden cross,’ which could signal an even bigger breakout.
This upward trend is confirmed by the ADA/BTC chart, which shows that the altcoin is breaking out of its long-term downtrend. The 30-day moving average (red) is getting closer to rising above the 200-day average (blue), a bullish sign that could lead to even bigger gains.
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