After weeks of the majority of digital assets trading in a sideways pattern, it is no longer all quiet on the cryptocurrency front, as some tokens are standing out with double-digit gains, including Cardano (ADA).
As it happens, Cardano is witnessing growth in both its daily and weekly charts, strengthening by 12.92% on the day, as well as 13.54% across the previous seven days, according to the data retrieved by ນ້ ຳ ມັນ Finbold ໃນເດືອນຕຸລາ 26.
That said, these gains are yet to push Cardano’s monthly chart upwards, as it is still logging an 8.82% decrease over the previous 30 days as at press time ADA was changing hands at $0.4063.
In addition, Cardano added over $1 billion to its total market worth, climbing from $12.35 billion on October 25 to $13.99 billion on October 26 as money quickly entered its market cap, retaining its position as the eighth-largest crypto by this indicator.
ການວິເຄາະດ້ານວິຊາການ Cardano
Meanwhile, Cardano’s ການວິເຄາະດ້ານວິຊາການ (TA) indicators still show hesitancy, although they’re slightly leaning towards the ‘buy’ sentiment. Specifically, the summary is in the ‘neutral’ zone with nine, compared to nine pointing towards ‘buy’ and eight towards ‘sell’.
Upon further breakdown, the oscillators also demonstrate neutrality at eight, with only one pointing towards ‘buy’ and two towards ‘sell’. However, the moving average (MA) technicals point to a ‘buy’ sentiment at eight.
Is bull run in the cards for Cardano?
Although the technicals are still uncertain, the latest price gains combined with the network’s wallet upgrades and growing number of ສັນຍາສະຫມາດ, as well as confidence of the community that ຄາດຫວັງວ່າ ADA to trade at $0.51 by the end of November, all give off positive signs.
On top of that, the recent strengthening of the cryptocurrency market as a whole, including its global market capitalization, might just set off a more ເພີ່ມຂຶ້ນ behavior by the decentralized finance (Defi) asset in the near future.
ປະຕິເສດ: ເນື້ອຫາຢູ່ໃນເວັບໄຊທ໌ນີ້ບໍ່ຄວນຖືວ່າເປັນຄໍາແນະນໍາດ້ານການລົງທຶນ. ການລົງທຶນແມ່ນຄາດຄະເນ. ເມື່ອລົງທຶນ, ທຶນຂອງເຈົ້າມີຄວາມສ່ຽງ.
Source: https://finbold.com/cardano-records-double-digit-gains-in-24-hours-amid-easing-market-sentiments/