In a volatile digital currency market, Cardano (ADA) has maintained its stability, showing signs of bull power returning. ADA has secured its position as the tenth largest cryptocurrency and is currently in a price stabilization phase. In the past 24 hours, ADA fluctuated between $0.6197 and $0.6340, currently resting at $0.629. A more than 4% increase in the profit index within an hour could indicate a market shift. The total capital involved in Cardano derivative contracts has surpassed 1 billion ADA units, approximately $629 million, potentially paving the way for a price trend change. Technically, the Awesome Oscillator remains in the negative range but signals a decrease in selling pressure. Simultaneously, a Golden Cross pattern between the 9-day and 21-day moving averages is on the verge of forming, potentially confirming a bullish price breakout. Despite some whales selling off, predictions suggest Cardano could advance up to $4. The potential launch of a Cardano-Bitcoin staking project and SEC approval of ETFs related to this cryptocurrency could smoothen the path for wider institutional acceptance. Visit the live digital currency price page to monitor token and cryptocurrency prices in real-time.
