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Charles Hoskinso, the co-founder of Cardono, has made his ambition to buy CoinDesk public following the FTX incident, which significantly shook up the market. It should be noted, however, that before Hoskinson expressed interest, CoinDesk put itself up for sale.
One of the numerous benefits of this transaction is the possibility of offering readers and the Cardano community rewards that will improve their financial situations, leading to a decentralized, trustworthy, and truthful crypto media. Furthermore, once CoinDesk is purchased, Hoskinson believes journalism’s integrity may be restored. If this deal is a success, ADA will get a lot of interest from investors, which will propel it to continue moving in the direction of a bullish trend.
Key Cardano Levels To Watch – January 20
ADAUSD successfully broke the major diagonal resistance after breaking the 0.3300 price level as well. The buying pressure from the 0.2390 level that led to the change in the character of the market eventually caused the price to break out from significant levels to the upside.
The Moving Average Convergence Divergence further confirmed the emergence of the new trend as it crossed over the zero line upward after the change of character to the upside. The price recently retested the major level of 0.3300, and ADAUSD might remain bullish for a while due to this incident.
Cardano Key Levels
Resistance Levels: $0.5950, $0.5240, $0.4260
Support Levels: $0.3300, $0.2390, $0.2040
Total Market Capitalization: $1.04T
Cardano Market Capitalization: $12.78B
Cardano Volume: $0.59B
Market Rank: #8
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