volatility and trading volume. Generally, this might be interpreted as a market cool-off or consolidation phase, a common occurrence in the dynamic world of cryptocurrencies. However, the simultaneous dip in both of these metrics may also be setting the stage for a significant price movement.
For Cardano, this implies that the current state of low volatility and volume could be the calm before the storm. Once trading volume starts to increase, it may catalyze a spike in volatility, thereby influencing ADA's price trajectory., one of the leading altcoins and the bedrock of the decentralized finance sector, is currently facing a notable challenge. It has repeatedly attempted, and failed, to push through the 50 EMA resistance level, which currently hovers around the $1,860 mark.