Ardor (ARDR) Price Surges Over 100% to $0.13 in 24 Hours
ARDR Price Surge
- ARDR has increased over 100% in 24 hours, trading at approximately $0.13.
- Market cap doubled to $140 million, ranking it 248th among cryptocurrencies.
- Significant break from a descending channel observed since December 2024, marked by two large green candles since April 15.
- Trading volume rose by 770% to $547 million.
Market Dynamics
- 90% of daily inflow through KRW trading pair suggests potential Korea-centric developments.
- Binance included ARDR in its “Vote to Delist” tokens, prompting community defense efforts.
- Some speculate the price surge aims to create short-term demand and avert delisting.
Price Outlook
- Current RSI around 81 indicates overbought conditions, raising concerns of a possible pullback.
- Immediate support identified at $0.10; a break below could lead to further declines toward $0.08.
- Bollinger Bands indicate heightened volatility, with potential price reversion towards $0.10.
- MACD shows bullish crossover but requires monitoring for signs of weakening momentum.
ARDR Price chart | Source: TradingView
ARDR Price chart | Source: TradingView