CandleFocus Cardano (ADA) Skyrockets 145% in Volume as Price Aims at $1 Comeback
2025-01-27
Author: Content Editor
The trading volume of Cardano (ADA) has surged by 145% in the last 24 hours, reaching $1.26 billion. This increase comes after a significant sell-off earlier in the week, which saw Cardano drop by 10%. The cryptocurrency market experienced nearly $860 million in liquidations on Monday as traders took profits ahead of the Federal Open Market Committee meeting. Cardano is currently trading at $0.921 and is attempting to regain the $1 level. Its ability to maintain momentum will depend on factors such as the overall recovery of the cryptocurrency market. The Plomin mainnet hard fork governance action is expected to take place on January 29, 2025.
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