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Bitcoin (BITCOIN)
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Ardor Price Prediction: Will $0.140 Be the Next Stop?

Highlight:

  • Ardor price shows resilience with increased market activity and trading volume.
  • Breakouts above Bollinger Bands signal bullish momentum and rising volatility.
  • Similar trends with $GAS imply a potential for further upward movement.

Ardor’s (ARDR) price continues to capture market attention, reflecting consistent upward momentum and increased trading volume. In the past 24 hours, the price has risen by 3.10%, trading at $0.1063. This uptrend is supported by a surge in trading volume, which increased by 89.48% to $48.38 million.

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Ardor’s market capitalization currently stands at $106.11 million, with its circulating, total, and maximum supply fixed at 998.46 million. These stable supply dynamics strengthen the token’s appeal among investors.

Ardor Price Breakout Indicates Strong Momentum

ARDR is bullish, according to many crypto analysts, as there have recently been tech developments and the market is active. It has recently broken out above the Bollinger Band upper limit of $0.10287. Breakouts of this sort often signal elevated volatility. ARDR’s ability to draw market attention throughout a fluctuating marketplace has been pointed out by analysts, and they make reference to ARDR’s 24-hour high of $0.11 and low of $0.09216.

The 24-hour trading volume surged to $53.64 million, further validating bullish sentiment. This upward movement has positioned Ardor as a standout performer among altcoins. Its resilience during broader market downturns, coupled with robust trading activity, underscores strong investor confidence. This trend highlights ARDR’s potential for both short-term gains and long-term growth.

Technical Resistance at $0.110 Points to ARDR’s Price Target at $0.120

Buyer interest is advancing the price up with a 13.52% increase on the ARDR chart on Binance. With the RSI at 55.78, this is moderately bullish, but it’s near neutral. A weak bullish crossover is being given by the MACD indicator, suggesting bearish movement, but with caution.

On the support side, $0.097 proves to be key support, whereas $0.110 is support resistance. In the case that ARDR’s price is above the support level and the volume is strong, ARDR could hit $0.120. If the price breaks out of this zone and continues bullish, it may hit $0.140. Failure to hold support this support could result in a retest of $0.090. It is recommended that trading volume and the strength of indicators be very close.

Source: Tradingview

Market Comparison Highlights Potential Gains

Ardor has been performing bullish profit on its price action following the same path as correlated assets like $GAS. The chart pattern of ARDR and $GAS are very much similar and analysts say that ARDR can follow $GAS’s upward trend. Traders are optimistic that Ardor will follow a similar performance, given the $GAS recently surging 26 percent.

The correlation and Ardor’s technical and market strength leave the token as an investment opportunity. Traders and long-term investors have paid attention to its ability to resist sell pressure, and continue to grow steadily. Ardor looks to be holding its bullish momentum and is a token to keep an eye on in the altcoin space.

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