CandleFocus Cardano Faces High Volatility as Analyst Predicts Strong Bullish Rally
2024-10-09
Author: Content Editor
The Cardano (ADA) token has experienced high market volatility in the past 24 hours. Its price decreased by 0.94% to $0.3513, with the market capitalization decreasing by 1.20% to $12,272,473,227. However, the trading volume increased by 20.02% to $247,810,216. This non-alignment in trajectory and sentiment indicates high market volatility. ADA is currently ranked 11th in terms of market capitalization and has a total supply of 44,995,152,754 ADA. A prominent crypto analyst predicts a potential breakout for ADA based on the descending triangle pattern in the charts, with technical indicators like RSI and MACD supporting a rally.
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