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Cardano price has decreased by 22 % in the past 24 hours of trading at $ 0.7083 from 4.15 in the morning EST on the trading volume, which increased by 441 % to $ 3.83 billion.
The ADA price spent the past seven days trading between support at $ 0.90 and resistance at one dollar, but this ended on Sunday, February 2, when the support was broken and started moving to support at $ 0.60, even for a short period under it below to $ 0.57.
Earlier today, the price began to see a recovery with merchants’ rush to purchase the decline, and to pay the ADA price to $ 0.70 from the time of writing this report.
However, things may be busy with Cardano, as its founder, Charles Hoskinson, recently said that the team is working in some new deals and “meets a very special person at the end of the month.”
Only in: #Cardano $ Ada “We are still working on some deals under NDA, and meeting a very special person at the end of the month. I can’t say who is. February will be a good month. We are completing things.” pic.twitter.com/zrt75xbdy7
Crypto Angry (Angrycryptoshow) February 2, 2025
Cardano prediction
As we mentioned, Ada began to recover, which allowed her price To reach $ 0.70 – a level currently operates as its new main resistance.
After several days of slight fluctuations, the Bolinger ranges grew in the project, which changed with the low price. With the low price of Cardano, the lower range is deeper, causing a significant breadth.
Since the beginning of the recovery, the gangs have narrowed a little, but it can start to widen again if the price can continue its height, and begins to push the upper range up to the top this time.
However, according to the project’s relative index (RSI), this may not happen yet. While in the past few days the relativity index spent the fluctuation between the sale area that starts from 30 and the neutral value of 50, sometimes it penetrates both lines, allowing its height today to the scale to rise to 60 for the first time in days.
Unfortunately, it seems that merchants are still careful, instead of pumping the price and RSI with more purchases, they started to achieve profits until the relative strength index decreased to 50 again. From there, another slight increase has seen the value of 55, but it started since then a decline to 50 again.
Currently, ADA apparently managed to stabilize, bullies and bears balanced, although it is still possible to see how long it will continue, and the way the price will go after that.
On the positive side, Bitcoin has begun to see moderate recovery recently, which may continue throughout the day and may give Altcoin market a boost.
A promising alternative to Cardano
Many also do not see that ADA is the most profitable encryption that is currently kept, as they resort to new projects with high potential, looking for the following major stones. The Meme (Memex), the first decentralized Mimi currency index in the world, can be one of these projects.
Meme Index is a new project that aims to make investment in MEME coins safer and easier by creating multiple MIM baskets, or indexes, which focuses on more than one Mimi currency each. There will be four different baskets for investors to choose from, including Titan, Moonshot, MidCAP and Trenzy.
Each of these baskets comes with a higher degree of risk than the past. The main feature of the baskets the project is to make it easier and safer in investing in Meme currencies, if the investor was building a portfolio from zero and buying one metal coins after another.
However, to invest in any of the project baskets, you first need to get the local MEME index that is currently in the pre -walking stage. Selling for 0.0158443 dollars only gives you the distinctive symbol the ability to invest in project indexes, as well as join the governance process and choose the Meme currencies on which each basket will focus on.
To date, ICO has raised more than $ 3.29 million, and continues to attract investors. Meanwhile, experts such as Claybro, on YouTube, encouraged with the next 10x Crypto.
Buy Memex here before increasing the preliminary price set in 44 hours to lock the best ICO deal.
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