Cardano Price Prediction: Trading volume increases by 10,654% overnight. Is there a violent movement coming for the ADA?


Cardano saw a massive 10,654% increase in trading volume on the Bitmex platform overnight, drawing attention to what will happen to Cardano’s price.

Speculative demand for altcoin rose sharply, with more than $40.04 million ADA derivatives sold at the beginning of the week, according to Coinglass data.

The move follows the announcement of Cardano’s traditional cryptocurrency, the ADA token is set to debut on the CME Group, pending regulatory approval.

This represents not only an increase, but also a widespread acceptance as the CME Group is the first part of the traditional exchange outside of the cryptocurrency platforms to introduce agreements linked to the ADA.

An increase in futures trading is seen when profits are reversed and funds are traded selectively to the market. The risk appetite seems to be surrounding ADA, which reinforces the positive sentiment of Cardano’s value.

Cardano Price Forecast: Interest in the traditional financial system may lead to an increase in its price

Open positions from traditional financial markets could help spur growth and highlight the year’s downtrend — a setup that traders can bet on.

ADA/USD one-day chart, bearish trend. Source: TradingView.

With the recent strong push slowing down without sustained support, its lower limit also served as a starting point.

Momentum indicators remain positive. Although the RSI has fallen below the 50 breakeven line, it has not yet broken the trend line it has been following since November.

A bearish MACD crossover below the signal line may be short-term, rather than a bullish trend.

The key $0.70 level is an important area to look at when looking for a sure bull. With its support, looking at the model that shows the possibility of 260% heading to the top of 2024 around $ 1.25.

With ADA derivatives that can be widely accepted, a strong entry can make a push to the $2 target for a 725% profit.

Bitcoin Hyper: The upcoming revolution will attract attention to Bitcoin

With investment funds moving towards altcoins, Bitcoin should not be put aside for now, because its ecosystem is solving its biggest problem: scalability.

Bitcoin Hyper ($HYPER) By combining Bitcoin’s security with Solana’s technology, it provides a 2-tier network that supports fast and efficient use cases that Bitcoin could not support on its own.

This opens the door for Bitcoin to play a bigger role in issues such as distributed finance and real world assets – where speed and power are critical.

The project has already raised more than $30 million Pre-sale stage After launch, even a small fraction of Bitcoin’s trading volume can increase its value.

Bitcoin Hyper solves the problems of slow transactions, high fees, and system instability that have limited Bitcoin’s long-term viability – at a time when the market is turning.

Visit the official website of Bitcoin Hyper here

A note Cardano Price Prediction: Trading volume increases by 10,654% overnight. Is there a violent movement coming for the ADA? appeared for the first time Cryptonews Arabic.





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