It has been a very interesting day for all . Whereas most top markets seemed subjected to bearish pressure, that ship has now turned around again. If the price is any indicator in this regard, the start of next week will be rather interesting. The solid gains across the board show bullish momentum is never far off.
Cardano Price Momentum Picks up Steam
Over the past few hours, most of the market momentum has turned around once again. Things did not get off to a good start today, as all top markets showed plenty of bearish signals. Luckily, the situation is changing in a positive manner. For , there are some solid gains across the board which seemingly push the price toward the $0.05 goal as the day progresses.
Over the past few hours, the price has seen a healthy 7% increase in USD value and a 3.4% gain in value. All of these developments took a few people by surprise, primarily because doesn’t generate any massive volume right now. That has always been a slight weak point for this , although it hasn’t necessarily had a negative impact to date.
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— Theo Mourouzis (@mourouziscy)
As Bitco Knight explains in Turkish the 1,200 Satoshi level will be crucial for in terms of future price developments. If this level holds true, there will be a further uptrend. Failure to support this price level, however, may result in an entire retrace down to the 1,000 Satoshi level. Which of these scenarios will come true, remains to be determined.
1200 sats altı 4h mum kapatmadıkça bir breakout yapabilir, bir pull back bekliyorum gelirse giriş yapacağım.
— Bitco Knight (@bitcoknight)
When looking at the current price momentum, it is easy for traders and speculators to reflect back upon what once was. Sam is happy he called out ADA below $004 and is now looking at a near 25% profit. Even so, he expects the value per ADA to double in the coming three months. An ambitious goal, albeit anything is possible.
I called out below 0.04, bouggt too, even if I sell above 0.05, it is 25% gain, try getting it from stock in 3 months . I am selling at 0.08, doubling it
— Sam (@szanwar)
Based on these current price circumstances, it would appear the push to $0.05 is in full effect at this time. The lack of any significant volume could hurt the chances of seeing this push complete, but one never knows if the momentum carries over tomorrow. After all, the weekend is an odd period for and hardly ever signals the beginning of sustainable trends.
Disclaimer: This is not or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any .
Image(s): Shutterstock.com
Published at Sun, 06 Jan 2019 18:04:19 +0000
