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      Ardor (ARDR) – Where will it move Now? - Stocks Telegraph

      By Ammar Mukhtar

      Published on

      December 8, 2021

      6:41 AM UTC

      Ardor (ARDR) – Where will it move Now? - Stocks Telegraph

      According to coinmarketcap, the total supply of ARDR is around 998M ARDR and all the coins of ARDR are in circulation at the moment. It holds the 191st rank according to market cap and has a market dominance of about 0.01%.

      At the time of writing ARDR is being traded at the price of $0.2689 with an increase of almost 13.08% in the last 24 hours. ARDR is a really strong token fundamentally. The maximum and minimum today are $0.294 and $0.2299 respectively. The daily trading volume has also increased by almost 43.95%. ARDR had created its ATH in April 2021 and reached a price of almost $0.79. The price later dropped down to a price of almost $0.08 in June 2021. Since then the price has shown reversal and has been on the same trajectory since then. The movement of coins has become slow and we have seen little to no gain last month. In December we have seen a drop of almost 26.19%.

      Technical Analysis – Ardor (ARDR)

      ARDR on the daily time frame was ranging very much. So zooming out to the higher time frames gave us a good outlook about how the price has reacted.

      On the weekly time frame, we can see that the price dropped down to create a bottom. The price showed reversal and within a few weeks, the price rallied upwards again. This resulted in the price nearly taking out its all-time high. But the price wasn’t able to support itself and the candle closed quite low.

      ARDR -1W

      Now the price has grabbed the liquidity and has the necessary fuel to move to the market. But the inefficiency in the candle can drive the price below. This can happen to some extent from where a possible entry or a long can be taken into consideration. On the other hand, the price can reverse from this level as well without feeling the need to go down for the mitigation.

      Price Prediction – Ardor (ARDR)

      According to wallet investor ARDR is a good investment and is providing a great return. According to them, ARDR is supposed to reach the value of $0.425 in a single year and in five years the price is expected to reach a value of $1.126. But people who trade are quite optimistic about the price and think that it would reach quite a high value.

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