Cardano exhibits significant market strength with an EMA crossover that promises continued growth. Price analysis and market activity highlight positive developments.
Cardano Chart Analysis
Cardano's graphics show a bullish crossover where the 21-week EMA crossed the 55-week EMA at $1.09. This strengthening signal, according to historical data, may lead to significant growth as in February 2021. Cardano prices ranged from $0.82 to $1.12. Support is at $0.83, and resistance is at $1.20.
Cardano Leads Weekly Crypto Gains
Cardano topped the list by weekly gains among the top 10 cryptocurrencies with a growth of 12.2%. XRP and Solana also showed significant returns. While Bitcoin showed only a 1.3% increase, Cardano strengthened investor confidence, increasing its market capitalization to $39.1 billion.
Infrastructure Changes and Network Activity
Cardano network activity showed an increase, refuting claims of a ‘ghost chain.’ Impression data showed 46.4 million impressions and high engagement levels. This underscores interest and potential network adoption growth.
Cardano continues to show positive market trends with consistent price growth and increased network activity. If the current trend persists, further strengthening of Cardano's position in the cryptocurrency market is expected.
