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Cardano Price Analysis: 10% increase in prices as well as increase in volume trade!

  • Cardno is doing well in the market with a profit of 10.00%.
  • 24 hours volume trade has increased by about ₹ 2.79 thousand crores

Cardano reached its day-high level with a level of 7.82. Currently, the price is trading around the 7.60 level with a market capitalization of ₹ 23.82 thousand crore. The 24-hour volume trade has increased by about ₹ 2.79 thousand crore.

Goguen will be launched in three phases

On Sunday at the AMA session organized by Cardano investor Charles Hokinson, he announced that Goguen would be launched in three phases. As per the update, it will help in transferring metadata along with the transaction.

According to the technical aspect, fundamentals can be helpful only when the price is above 7.60. The price of ADA can again reach the level of 8.86.

Cardano (ADA) technical analysis

The technical chart over the last few days shows two major steps taken by the ADA. It suffered a fall from the ₹ 9.15 level, after which it reached a support level of ₹ 5.91. The support sector eliminated the possibility of a slowdown and the price levels were consolidated around. 

Currently the RSI is at a level of 74.37. MACD levels for coin are also rising rapidly.

 Resistance Level: ₹ 7.75

 Support Level: ₹ 6.50 and ₹ 6.20

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