Cardano price forecast because the volatility sinks to January deep stalls
Cardano price forecast because the volatility sinks to January deep stalls
cardano The price moved sideways on Tuesday, since the volume of the coin declined and volatility sank since January. Ada fell to a low of $ 0.3705, where it was in the past few days. This price for gas has broken down by more than 20 % since its annual high.
volatility and volume sink
Cardano, like other cryptocurrencies, was in a close range in the past few days, since investors focused on the question of the debt limit. Democrats and Republicans did not agree on how the debt limit could be raised before the deadline on June 1st.
as we wrote here Article The interest in Bitcoin and other cryptocurrencies has dropped to the lowest level in two years. Additional data show that the volume of the cryptocurrencies traded on most centralized and decentralized stock exchanges has decreased.
A positive sign is that the
In ada considerations, the TVL in the ecosystem rose to $ 187 million. Most dapps in the ecosystem has increased the TVL in the past few weeks. These include Minswap, Indigo, Wingriders, Liquid and Muesliswap. According to the data compiled by Intotheblock, there are other positive aspects in Cardano. In a message, the analysis company announced that the number of transactions in the ecosystem had risen. The transaction volume rose by 205 %between January and this week. Most users who mainly deal with Cardano are small retailers with a fortune between $ 10 and $ 50. 5/ We also see a significant increase in the transaction volume. The daily transaction volume of Cardano has increased significantly since the low stalls at the end of 2022. $ ada The transaction volume has been over 205.01%to over 26 billion $ ada daily. pic.twitter.com/ceomfkiaqi - Intotheblock (@intotheblock) 22. May 2023 The daily chart shows that Cardano has moved down in the past few days. It has fallen to $ 0.3725 under the previous annual value of $ 0.4628. He exceeded the sliding 50-day average, which indicates that the bears win the upper hand. The most important thing is that we see that the Average True Range (ATR) has dropped to the lowest level since January 8 of this year. ATR is one of the most popular indicators for measuring volatility. Another important indicator shows that the volume has decreased since January 9th. Therefore the view of Cardano is neutral with a bearish tendency. If there is a declining outbreak, the next level to be observed is $ 0.2990, the low on March 10th. etoro
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Source: Coinlist.me
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