The crypto industry had once again welcomed the bulls into its market. Cardano [ADA], XRP, Litecoin [LTC], as well as Bitcoin Cash [BNB] were gaining big. Bitcoin’s price change had left the crypto-industry with a merry Christmas. The king coin managed to secure an all-time high of $24K with a 7% rise over the last seven days. XRP had been swimming in troubled waters, however, the asset was seen rising by over 40% in the past 24-hours.
All the altcoins were on an upward surge. Cardano [ADA], was priced at $0.160 with a 13.07% rise over the course of the last 24-hours. The coin had recorded a slump of 5.25% in the last seven days. The asset had recorded immense fluctuations in terms of market cap. At the time of writing, ADA was standing as the seventh-largest coin with a market cap of $4.9 billion.
Cardano [ADA] One Hour Price Chart
The one-hour price chart of ADA revealed that the altcoin was in for an uphill journey. The volume in the ADA market wasn’t very high or very low. The daily moving average indicator revealed a bullish sentiment in the market. The 100 daily moving average [Red] was seen below the 50 daily moving average [Green] which indicated the presence of bulls.
Cardano [ADA] Price Chart With Indicators
It was all bulls for the ADA market. The Awesome Oscillator indicator notified the presence of bulls with the formation of green closing bars. The MACD indicator also affirmed the invasion of bulls as the MACD line took over the signal line.
Bitcoin was unstoppable. The king coin kept surging and prolonged the bull trend. BTC, at the time of writing, was trading at a high of $24,600 with a daily increase of over 6% over the last 24-hours. Bitcoin’s market cap was also seen on a rise as it was noted at $456.54 billion.