Cardano: Of uptrends, volume dynamics, and bullish bets

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Cardano: Of uptrends, volume dynamics, and bullish bets
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Cardano has been experiencing an increase in price in the past few days, and traders are betting on further increases.

Cardano’s price soars with consecutive uptrends, breaking records in funding rates while facing volume fluctuations. Will ADA’s bullish momentum persist?price has recently experienced a remarkable increase. Alongside this positive price trend, one important metric reached its highest point in the past month, while another metric showed a neutral signal.has consistently experienced upward price trends, reaching its highest increase of over 3% on 21 October.

Prior to this shift, ADA had been trending below the neutral line, primarily due to a six-day consecutive decline at the start of the month.Additionally, at press time, Cardano maintained its position above the neutral line, and it is trading at approximately $0.2, with a price increase of less than 1%.According to data from Santiment, there do not appear to be any significant shifts in the volume trend.

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