LIVECARDANO[ADA] Analysis 💰💰🤔🤔🤑
Cardano trading volume crosses $550M, how will ADA respond?
The trading volume of ADA experienced a surge alongside a significant uptick in the token’s price.ADA trading volume surged as the price of the token witnessed a massive uptick.
Despite a surge in price, most holders were not profitable.Over the past few days, there has been a resurgence of interest in Cardano’s [ADA] token, ADA. According to recent data, ADA’s 24-hour trading volume surpassed $550 million.
LONG WAY TO GO.
Coupled with an uptick in volume, there was growth seen in terms of price movement as well. In the last 24 hours, the price of ADA surged by 4.43% and was trading at $0.4498 at the time of writing.
Despite the recent price surge, the overall situation for Cardano remained glib.Since the 15th of March, ADA’s price started on its downward trajectory, while showcasing multiple lower lows and lower highs along the way.
This was indicative of a bearish trend which ADA was unable to reverse over the last few months.To reverse this trend, ADA may have to test the $0.5761 level and surpass it. However, at the time of writing, ADA was nowhere near this level.
