Cardano looking to close the month on a bullish note with 3% upsurge
In a very obvious decoupling move, Cardano is changing hands at a price of $0.4111, up by 3.50% in the past 24 hours. While the digital currency is still paring off its losses for the week, its key on-chain metrics looks good. As a means of showing the current upsurge is not a farce, the Cardano trading volume notably picked up major bullish momentum. At the time of writing, the trading volume is up by more than 98%.
Depending on the disposition of bulls to the market, the ADA price may also go on a parabolic run to retest its monthly high at $0.46.Cardano is known to move in tandem with the broader market as it has a somewhat closeknit correlation with Bitcoin . While it has been able to chart its own solo bullish momentum, the influence of the market cannot be overlooked.
If the market charts a major recovery, it will help Cardano's push to chart an ambitious end to the month, but if there is another cross-market sell-off, it may largely impact the growth of the asset negatively. In all, Cardano will be hanging onto its core fundamentals embedded in its technology and ecosystem growth to sustain its
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