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In the past 24 hours, Kardano (there) The trading volume increased by 145 %, indicating an increase in activity among traders.
According to Coinmarketcap data, Cardano trading volume reached $ 1.26 billion in the past 24 hours, which represents a 145 % increase. The rise in trading volumes follows a major sale in the market at the beginning of the week, which witnessed a decrease in Kardano by up to 10 %.
The cryptocurrencies recorded approximately $ 860 million in Monday, when merchants won profits before the first meeting of the Federal Open Market Committee in the United States in the United States, which decreased to the lowest level worth $ 0.8565 in today's session, and extends on Sunday before it decreased slightly.
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At the time of writing this report, ADA was trading at $ 0.921, although it did not decrease by 7.03 % in the past 24 hours. Cardano pays another one dollar brand after falling earlier.
Kardano's work
Cardano It started to decrease after reaching levels above $ 1.16 on January 17. The decreases extended, with Cardano drop to less than Daily SMA 50 at a price of $ 0.985, as the price stagnant since January 20.
In order for Cardano to regain one dollar level, you will need to overcome the daily SMA 50 at $ 0.985. A continuous increase in trading volume, along with bullish feelings, can pave the way for hacking. However, ADA's ability to maintain its momentum may depend on several factors, including the comprehensive recovery of the encrypted currency market.
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If ADA price is $ 1, $ 1.16 may become the next goal. The bulls will need to pay the price above this level and retain it to start an upward transition to $ 1.33. On the downside, less than current price levels may witness a decrease to $ 0.76.
Expectations are applied for solid former fork governance procedures in plominnet, which is expected to be aged on January 29, 2025.
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