Ardor (ARDR) Price Skyrockets 100% as Bulls Break Key Resistance

• ARDR price surges 100%, breaking key resistance levels with strong buying momentum.
• Technical indicators show bullish strength, but high volatility makes positions risky.

Ardor price surged 100% in in last 24 hours and surprised the whole crypto market. This unexpected move in the ARDR price has positive sentiments among the buyers, and the price has broken all the crucial resistance levels. 

After consolidating for a prolonged time, the ARDR price suddenly rose and began to hit a new swing high. It broke out of the $0.100 hurdle with a high-volume candlestick. Buyers participated in the rally aggressively and pumped the price.

According to CoinMarketCap data, at the time of writing, ARDR price is trading at $0.15894 with an intraday surge of 100%, indicating bullishness. The daily trading volume has surged by 1114%, suggesting buying momentum, and the volume-to-market ratio is 350.62, suggesting excellent liquidity. 

What’s Next for Ardor (ARDR) Price?

ARDR price is in robust bullish momentum, broke above the 50-day and 200-day EMA levels. The RSI curve is at 82.53 in the overbought zone, which is a positive sign.

Another technical indicator, MACD, demonstrates a positive crossover, and the histogram bar is green, indicating strength. However, the price action suggests that this rally is speculative, so the bulls will face difficulty in sustaining the price at higher levels.

ARDR price is quite volatile, and intraday fluctuation is more than 100%. So, it will be very risky to create bullish positions. At present, the ARDR price is attempting to break out of the $0.16 hurdle. If it succeeds, then the price will try to break the $0.200 level. 

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