{"id":574369,"date":"2024-02-10T14:00:52","date_gmt":"2024-02-10T14:00:52","guid":{"rendered":"https:\/\/ktsl888.com\/?p=574369"},"modified":"2024-02-10T10:29:03","modified_gmt":"2024-02-10T10:29:03","slug":"cardano-bulls-come-out-to-play-buy-orders-dominate-as-ada-price-soars","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/cardano-bulls-come-out-to-play-buy-orders-dominate-as-ada-price-soars\/","title":{"rendered":"Cardano Bulls Come Out To Play: Buy Orders Dominate As ADA Price Soars"},"content":{"rendered":"
Cardano is currently riding on the back of a modest 3.76% gain in the past seven days with the cryptocurrency on its way to the $0.55 level which will define its short-term price trajectory. On-chain data shows that the bulls are working hard in the background to push the crypto toward this price point, as evidenced by the buy orders piling up.<\/span><\/p>\n
Particularly, Cardano has experienced a surge in buy orders, tipping the bid-ask volume imbalance in the direction of the bulls. With so many buyers and so few sellers, the price of ADA has only one way to go.\u00a0<\/span><\/p>\n