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Crypto

Cardano Surges to 14th Market Cap Spot Overtaking LEO

Guavy AI Editorial Team
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ADA LEO
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Cardano's ADA has made significant gains in recent weeks, climbing to the 14th position among cryptocurrencies by market cap. According to blockchain news, ADA has overtaken LEO with a 7.25% gain over the past week and 17.7% over 30 days.

The price action on Cardano's 4h chart shows that ADA is trading at $0.22 inside the Bollinger Bands, with upper resistance at $0.23 and lower support at $0.18. The bullish EMA50 at $0.21 and EMA200 at $0.20 provide layered support for the cryptocurrency.

The technical indicators suggest a measured pullback to the 50-EMA before any extension towards the upper band. The MACD registers a golden cross at 0.01, while the RSI sits neutral at 65.46.

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