The encryption market shows positive signs now. The total market is $ 2.6 trillion, an increase of 0.36 %. Bitcoin trades slightly less than $ 83,000, an increase of 2.27 %, while Cardano Ada sits at $ 0.6268, an increase of 1.79 %.
A video from Kris suggests Crypto Youtube channel that we may see a big tour of the bull soon. The Creator believes that fewer commercial wars (with the exception of the United States and China) create good conditions for market growth, despite some expected rise and decline.
Cardano price analysis shows mixed signals
According to the video, ADA’s technical indicators show an unconfirmed image. The relative strength index sits in 48.35, which means that the market is neither cheap nor expensive. The MacD rating of 0.02 indicates that the ADA moves down a little, while the ADX value of 11.74 shows a weak direction without any clear direction.
Kris Crypto explains that for ADA to reach $ 2, it needs to penetrate many barriers. EMA is currently hindered by 200 days, and the $ 1 sign will be crossed a major psychological obstacle. Other resistance points include 0.8713, 0.979 and $ 1.154.
“I am not an expert in TA, I really focus on the basics.” Chris admits. He believes that although the graphs are useful, it is the basic developments that will lead the Cardano prices.
ADA growth capabilities
ADA plays itself as a distinctive Blockchain with a space for growth in the broader encryption market. Chris notes that the upcoming Bitcoin liquidity is likely to help the entire market, including ADA. Many important updates soon come to Cardano. It is also mentioned a Stablecoin (RLUSD) This hints to the participation of Cardano, with the appearance of the Cardano logo in the Ripple’s Takenization Video.
Chris, a point of view he shared for several months, I think both XRP and Cardano Ada will be one of the most performance heroes in this encryption market.
Regulatory changes can help in ADA price
The rules surrounding encrypted currencies change in ways that can benefit Cardano. The US Department of Justice has reduced the encryption application team. The new orders focus only on terrorism and the activity of encryption related to the carmel, and to stay away from what Chris calls “the organization of encryption through judicial prosecutions.”
SEC also issued new encryption instructions. Commissioners Pierce and Takins lead what Chris describes as “Reinamement of the post -Gensler.” The new SEC president, Paul Atkins, is expected to be less strict, while Pierce leads a team that creates encryption rules – including Chris considers him “really positive moves from the United States.”
Also read: We asked artificial intelligence expect the price of Cardano (Ada) if Bitcoin decreases to $ 70,000
Many countries are trying to lead to Blockchain, including the United Arab Emirates and parts of Europe and the United Kingdom. However, KRIS is sharing his story that criticizes the UK for not taking real action, especially with regard to “Debanking”. He was hacked in the United Kingdom despite the followers of all laws and pushing his strikes, which made him leave the country.
“You cannot be a pioneer in the market if this type of things happens,” Chris says about the UK’s approach.
Chris ends by praising the encryption policies and the United States of America, indicating this “Many countries will follow their example,” Which can create better conditions of encrypted currencies such as Cardano for growth and may reach a $ 2 -year target in 2025.
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