HomeUncategorizedWhy is Cardano price up today? By Cointelegraph

Why is Cardano price up today? By Cointelegraph

July 14, 2023

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The price of Cardano (ADA) has soared in the past 24 hours as traders assess the impact of ‘s legal win on the broader cryptocurrency market.

On July 14, ADA price rose 6% to $0.379, its highest level in over a month, only to pare some of those gains as traders booked profits.

daily price chart. Source: TradingView
The number of Cardano whale transactions exceeding $100K on a daily basis. Source: Santiment
Cardano supply distribution. Source: Santiment
ADA/USD daily price chart. Source: TradingView

ADA price double bottom?

ADA/USD weekly price chart. Source: TradingView