Cardano can increase by 110 %, but there is hunting

Cardano made a rare style of bullish graphic drawing, indicating a potential increase of 110 %; However, the sharp decrease in a main scale raises concerns.

Cardano (LeadThe common Layer-1 network was trading at the important resistance level of $ 0.65, which is the upper side of the falling spoiler.

The basics indicate that Cardano may continue to rise. The most important thing is his integration with Bitcoinos, which happened in October last year. This integration opens the door to Bitcoin (BTCStokeing, a feature that will enable BTC holders to generate regular income.

Bitcoin Staking on Cardano is expected to be a safer and uncontricane approach compared to the traditional central method of using companies like CELSIUS. CELSIUS collapsed in 2022, which led to losses of approximately $ 5 billion.

The encryption of zero knowledge will be used, a safe option that enables one party to prove that the statement is correct without revealing the basic data. Charles Hoskinson, Cardiano founder, Secure This integration will lead to billions of dollars in assets flowing into Network.

Another catalyst in Cardano is that there are signs that the Securities and Stock Exchange Committee will agree to Ada ETF later this year. Polymarket traders have Country Nearly 60 % possibilities for this happens.

However, data on the series appears that the Cardano whale has been unloaded recently. They sold more than 180 million ADA symbols between 13 and 18 April.

Other data show that the average age, which has lasted 365 days and 180 days has decreased in the past few weeks. The number 365 days decreased from 43 in March to 466, while the number 180 days moved from 6.8 to minus 656.

MDIA is looking at the average time in which dollars invested in a coin in its current addresses. The falling number means that the sleeper symbols are previously transferred, a sign of surrender.

Cardano prices analysis

The daily graph shows that the ADA price has been in a strong sale in the past few months. Less than the moving averages decreased for 100 days and 50 days with the condensation of the sale.

Fortunately, there are signs that Cardano may refresh and even double and reach the highest point in November last year. It was a falling wedge, which is what happens when two -way lines are near the level of their meeting.

Cardano also formed a spacing up as a wonderful oscillator and MACD indicators rose. Therefore, the additional gains are likely to be confirmed if it rises above the moving average for 100 days at 0.728 dollars. The decrease under support at $ 0.51 will nullify the bullish offer.