๐๐ง Cardano ($ADA ) finds strong support amid severe market fluctuations!
Amid rising political tensions between U.S. President Donald Trump and former government efficiency chief Elon Musk, the crypto market is experiencing a violent wave of volatility... and Cardano is no exception.
๐ป ADA decreased from $0.688 to $0.621, a decline of 10.29%, before rising again and forming an upward channel with current resistance at $0.644.
๐ Technical analysis according to CoinDesk:
Strong support between $0.620 โ $0.623
Bullish momentum indicators with decreased volatility
Currently trading at $0.66, down 1.8% over 24 hours
๐ฅ What else supports $ADA ?
Entry of asset management giant Franklin Templeton to operate a contract on the Cardano network
New partnership with Norwegian NBX to build Bitcoin-based DeFi
First successful transfer from Bitcoin to Cardano using Ordinalsโฆ opening trading opportunities between chains worth $1.5 trillion
๐ In summary: Cardano is not just a network โ but a promising institutional player in times of market volatility.
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