Cardano Breaches $1 as On-Chain Metrics Signal Strong Holder Confidence

Quick Summary:

Cardano (ADA) has achieved a significant milestone, breaking above $1 for the first time since April 2022.

The cryptocurrency currently trades at $1.09, marking a powerful 24% surge in the last 24 hours, accompanied by a 131% spike in trading volume.

The sustainability of ADA’s upward trajectory depends on maintaining buying pressure and preventing excessive profit-taking, which could trigger a retest of lower support levels.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Vignesh k

Category: Crypto

Markets: United Arab Emirates

Topics: Editors News Investing News Cardano ADA

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-23 @ 22:00:00 (18 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 244 words

Reading Time: 2 minutes read

Sentences: 20 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 23786705

View Article Analysis

About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 7 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 18 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #125

Publisher Details

Frequently Asked Questions