Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
Home»BITCOIN NEWS»As ADA price surges, buy orders dominate.
BITCOIN NEWS

As ADA price surges, buy orders dominate.

By Crypto FlexsFebruary 10, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
As ADA price surges, buy orders dominate.
Share
Facebook Twitter LinkedIn Pinterest Email

Cardano is currently riding on the back of a modest 3.76% gain over the past seven days as the cryptocurrency enters the $0.55 level, which defines its near-term price trajectory. Bulls are working hard in the background to push the cryptocurrency into this price range, as evidenced by the piling up buy orders according to on-chain data.

In particular, Cardano saw a surge in buy orders, tilting the buy-sell volume imbalance in a bullish direction. Because there are too many buyers and too few sellers, ADA’s prices can only go one way.

at the same time, Activity on the Cardano blockchain Although explosive, questions remain as to whether this interest and optimism will continue to push the ADA price higher, or whether the rally will lose steam as some traders take profits.

Buy Order Tips the Bull’s Way by 678%

On-chain data This shows that the Cardano bulls are now in full swing, with bids currently outpacing asks by 678%, creating a massive imbalance in buy and sell orders. This strong imbalance speaks to the current bullish sentiment among Cardano investors.

Because the battle between buyers and sellers is dynamic, the imbalance can change at any time. When spreads narrow, it could be a sign that the rally is losing steam and a reversal is imminent.

Cardano currently trading at $0.54 on the daily chart: TradingView.com

However, Cardano appears to be holding on, as evidenced by this week’s price action. Currently trading at $0.5361, Cardano has shown remarkable resilience to continue trading above the $0.50 price level throughout the week.

Price Target for Cardano (ADA)

ADA is still down on a month-to-month basis, but many Crypto analysts are hopeful In cryptocurrency future price trajectory. A very bullish first step would be a break above the $0.55 psychological price resistance tested over the last 24 hours. Failure to break this resistance level would imply a continued range trade between $0.55 and $0.50 or a bearish breakout below $0.50.

According to cryptocurrency analyst Ali Martinez, ADA May continue to integrate It will continue to surpass its current high through April, reaching $8 by January 2025.

For Cardano to maintain this momentum, the cryptocurrency must continue to demonstrate strong market fundamentals and meaningful developments within its ecosystem. Despite facing several criticisms,

Cardano remains one of the most actively developed blockchains with a vibrant open source community. According to Founder Charles HoskinsonCardano’s main obstacle is not technical, but human, in terms of decentralized on-chain governance.

Featured image from Adobe Stock, chart from TradingView

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Free bitcoin.in app withdrawal request My satoshi

October 3, 2025

Goose boom bang! Slot -Collision, Cash and Manga Massacre

September 27, 2025

Cardano is 4% away, saying that Hoskinson will break the Internet.

September 21, 2025
Add A Comment

Comments are closed.

Recent Posts

FLOKI Funds Clean Water Wells In Africa Through Partnership With WWFA

October 8, 2025

Jiuzi Holdings, Inc. Announces Phased Rollout Of $1 Billion Cryptocurrency Acquisition Plan; First Bitcoin Purchase To Be Completed Within Two Weeks

October 8, 2025

Rome Launches Its Genesis NFT Collection “Imperia” On Magic Eden Launchpad

October 8, 2025

BNB price is less than $1,300 on Meme Season Buzz

October 8, 2025

Cryptocurrency trader, OTC fraud claims $ 1.4 million losses, guessing due to KUCOIN deposits

October 7, 2025

Meanwhile, Bitcoin Life Insurer, Secures $82M To Meet Soaring Demand For Inflation-Proof Savings

October 7, 2025

Pepeto Presale Exceeds $6.93 Million; Staking And Exchange Demo Released

October 7, 2025

Eightco Holdings Inc. ($ORBS) Digital Asset Treasury Launches “Chairman’s Message” Video Series

October 7, 2025

Zeta Network Group Enters Strategic Partnership With SOLV Foundation To Advance Bitcoin-Centric Finance

October 7, 2025

Saylor tells MRBAST to buy Bitcoin even after pause the BTC purchase.

October 7, 2025

Bitcoin Steadies at Rally -Is another powerful brake out just in the future?

October 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

FLOKI Funds Clean Water Wells In Africa Through Partnership With WWFA

October 8, 2025

Jiuzi Holdings, Inc. Announces Phased Rollout Of $1 Billion Cryptocurrency Acquisition Plan; First Bitcoin Purchase To Be Completed Within Two Weeks

October 8, 2025

Rome Launches Its Genesis NFT Collection “Imperia” On Magic Eden Launchpad

October 8, 2025
Most Popular

Innovative Antibody Development: AlphaBind Leverages NVIDIA and AWS

December 4, 2024

Top 3 for the first week of August 2024

August 11, 2024

MEXC futures achieved no. Ranked 1st in growth rate and 5th globally in trading volume

December 14, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.