Cardano (ADA), the largest encrypted currency in the tenth place depending on the market value, continues in the conflict amid the weakness of the market and the investor warned, and it trades near the lowest levels of $ 0.52 in early April.
Cardano has been trading at 7.85 % in the past 24 hours to $ 0.5478 at the time of writing this report as part of the broader coding sales that have seen $ 1.01 billion in liquidation due to the renewal of market fluctuations.
Cardano has slowly decreased since the height of June 11 at $ 0.736, with 11 out of 12 days in negativity, including today’s decrease.
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The recession lasted for six consecutive days since June 16, as it reached the lowest level during the day at $ 0.56, with plans signals now indicating an imminent recovery.
Kardano sales signal
According to the RSI Index Index (RSI) on the daily chart, ADA may have reached a deep sale area, where the Al -Wawa conference indicators have decreased from the Model 30 Tropical Threshold to only 23, a level historically indicated a possible reflection.
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The relative strength index is a momentum that measures the speed and change of price movements. The reading below is usually indicated that the original has been sold, which implicitly means that the sale pressure has been clarified and the bounce may be imminent. Cardano’s current relative indicator of 23 means that the dumping momentum may be about to fade.
Technical traders often notice low levels of the low business management conference, seeing excessive sale conditions as a possible preparation for relief equipment or perhaps a reflection of direction.
Kardano News
Ford Iagon and Cloud Court supports proof of storing legal data based on Cardano.
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The launch of a new proof of concept, including Iagon decentralized storage platform, Cloud Legal Tech, Ford Motor Company, highlights institutional interest in Cardano Ecosystem.
The experimental project intends to define the feasibility of combining the Blockchain technology into Cardano with the decentralized cloud storage from Iagon to allow the management of safe legal data.
The Cardano scheme, the base of knowledge for an easier understanding of Cardano Blockchain, was detected by removing the input. In another teacher, Cardano exceeded 110 million transactions, reaching 110.63 million.
