After the removal of Cardano currency from platforms such as Bakkt, Etoro, Robinhood, as well as the news of its removal from the Binance exchange and the theft of 60,000 units of this currency, we saw a significant drop in it.
Due to the fact that the US Securities and Exchange Commission has recently given up its objection that Cardano currency is considered as a security, we have seen an increase in the flow of transactions in the network of this cryptocurrency, and also the creation of the lace wallet has fueled the increase in demand. During this drop, it was able to maintain its price above the level of 24 cents.
If the weekly and monthly candle can maintain itself above the price of 24 cents until the closing time, we can witness a good growth from it to the return range of 40 cents and its support to higher price points.
Due to the fact that the US Securities and Exchange Commission has recently given up its objection that Cardano currency is considered as a security, we have seen an increase in the flow of transactions in the network of this cryptocurrency, and also the creation of the lace wallet has fueled the increase in demand. During this drop, it was able to maintain its price above the level of 24 cents.
If the weekly and monthly candle can maintain itself above the price of 24 cents until the closing time, we can witness a good growth from it to the return range of 40 cents and its support to higher price points.
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