Crypto Market Trading Update for Ardor

Although Ardor is trading at the bottom end of the 52-week range, the crypto has gained roughly 42% over the last month. Investors will be watching to see if the digital coin can pick up steam and get back to previous levels. Ardor has a current market cap of $371,032,408 with a circulating supply of 998,999,495. The 52-week high mark is currently $2.549 which was last touched in mid-January.

Checking on recent trading levels, we note that Ardor (ARDR) has touched $0.3652 on volume of 3499370 for the day. Tracking some key RSI values, we note that the one-week is presently 29, the two-week relative strength is 68 and the four-week relative strength of the cryptocurrency is 39. Taking a deeper look at some other time frames, we note that the thirteen-week RSI is 53, the twenty-six week relative strength is 18, and the fifty-two week RSI is 63. All RSI values land on a scale from 0 to 100.

The Relative Strength Index (RSI) is an often employed momentum oscillator that is used to measure the speed and change of crypto price movements. When charted, the RSI can serve as a visual means to monitor historical and current strength or weakness in a certain market. This measurement is based on closing prices over a specific period of time. As a momentum oscillator, the RSI operates in a set range. This range falls on a scale between 0 and 100. If the RSI is closer to 100, this may indicate a period of stronger momentum. On the flip side, an RSI near 0 may signal weaker momentum.

Ardor Profile

Ardor (Symbol: ARDR) is a blockchain-as-a-service system that enables users to employ Nxt’s blockchain network technology through the utilization of child chains. It is unnecessary to worry about everyday issues when creating a blockchain as well as securing it with enough nodes. Child chains can use features currently seen in Nxt such as distributed phasing, voting, and trading, as well as connect with other child chains on the system, including IGNIS.

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