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Cardano has shown commendable resilience and potential for growth, despite facing occasional setbacks in a generally bearish market landscape over the last month.

Currently, Cardano’s price is at $0.7073, experiencing a minor setback of 2.56% across various charts. Nonetheless, the investment community remains optimistic about Cardano’s prospects, anticipating a bullish reversal in the near term.

With a substantial market capitalization of $24.92 billion, Cardano secures its place within the top ten cryptocurrencies. However, its trading volume has seen a significant decrease of 48% in the last 24 hours, totaling $842 billion after a slight market pullback.

Exploring Cardano’s Market Dynamics

March witnessed a promising uptick for Cardano, with its value nearing a 20% increase. Yet, the momentum has slightly waned, with Cardano struggling to break past the crucial $0.76 resistance level.

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Author: Crypto Daily

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