Ardor (ARDR) Price Rockets Over 100% Overnight: Too Late to Jump In?

Coinspeaker
Ardor (ARDR) Price Rockets Over 100% Overnight: Too Late to Jump In?

Ardor ARDR $0.13 24h volatility: 61.1% Market cap: $138.50 M Vol. 24h: $591.73 M has recently rallied over 100% in the past 24 hours to trade around $0.13. This explosive move has doubled its market cap to $140 million, pushing the altcoin to the 248th spot among the largest cryptocurrencies.

Notably, ARDR had been moving within a descending parallel channel since December 2024. However, since April 15, the chart has printed two massive green candles, signaling an abrupt break from months of bearish structure. 

The altcoin has also seen a dramatic 770% rise in its 24-hour trading volume, currently at $547 million. As the broader crypto market largely recorded a slow motion, ARDR’s parabolic price movement led to curiosity across trading desks. 

A Deeper Dive

It is interesting to note that around 90% of the daily inflow was routed through the KRW trading pair. This has fueled speculations that a Korea-centric announcement or strategic partnership may be underway. However, no official confirmation has emerged yet.

Moreover, Binance recently added ARDR in its second batch of “Vote to Delist” tokens — a move that generally results in a price slump. However, the announcement appears to have ignited a defense from the community. 

Many believe that the surge could be a coordinated effort by supporters to create a short-term demand shock and prevent the token’s removal from the exchange.

ARDR Price Outlook

The latest ARDR price spike is its most aggressive move since November 2024, and while the momentum is undeniable, the sustainability remains under scrutiny. 

Some market voices on X urge caution, recommending profit-booking to avoid potential FOMO-driven losses.

On the daily ARDR price chart, the RSI is around 81, deep into the overbought territory. While this shows strong buying pressure, it also raises concerns of a potential short-term pullback if bulls fail to maintain momentum.

Key immediate support lies around $0.10. A break below this could trigger further downside toward $0.08.

Bollinger Bands are widely expanded, with the price currently riding well above the upper band. This signals heightened volatility and suggests that the price may soon revert toward the midline (20-day Simple Moving Average) at around $0.10 for consolidation.

Meanwhile, the MACD has printed a bullish crossover, with both the MACD and Signal lines surging into positive territory. This supports continued bullish bias. However, traders should watch for a flattening or divergence, which could hint at weakening momentum.

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Ardor (ARDR) Price Rockets Over 100% Overnight: Too Late to Jump In?