Ardor (ARDR)
Ardor is a proof-of-stake multichain blockchain platform with a unique parent - child chain architecture. The security of the whole network is provided by the parent Ardor chain while the interoperable child chains have all the rich functionality. This elegant design is the key to the flexibility necessary for a variety of use cases and opens the door towards mainstream adoption of blockchain technology. Not only that - Ardor is created with scalability in mind and solves many existing industry problems such as blockchain bloat, single token dependency and the need for easily customizable blockchain solutions. Ardor is energy efficient and well suited to work even on low power devices. Ardor full nodes can be installed and run on Android phones allowing users to join the network and participate on an equal basis in the proof-of-stake consensus, creating new blocks and processing transactions, only using their mobile phones.
Ardor s consensus-as-a-service model provides businesses and cryptocurrency projects with the opportunity to have their own child chain on Ardor benefiting from a ready to use blockchain infrastructure, interoperability and feature rich functionality.
1. Basic Info
| Symbol | ARDR |
| Name | Ardor |
| Web Site | https://www.jelurida.com/ardor |
| Explorer | https://ardor.tools/,https://ardorportal.org |
| Supply | 998466231 |
| Total | 998466231 |
| Market Cap | 92291013.9767617 |
| White Paper | https://ardordocs.jelurida.com |
| Release Date | 2016-07-23 |
2. Technical Analysis
2.1 Kline Price Chart
2.2 Analysis
The analysis of the provided K-line daily chart suggests that the asset has experienced a significant downward trend over the past few months. There is a notable shift from a strong upward trend, as seen in the latter half of 2024, to a more volatile and bearish pattern. The following conclusions can be drawn:
- The asset has entered a bearish phase, marked by a series of lower highs and lower lows.
- The volume has increased on several occasions, particularly during the downward trend, indicating strong selling pressure.
- The range of price movement has narrowed, suggesting a lack of significant price discovery.
- There are instances of high volatility, which could indicate potential reversals or continuation patterns.
Predicted future trends:
- The asset is likely to continue its downward trend, with potential for further price decline.
- Reversal patterns, such as head and shoulders or double bottoms, could form, leading to temporary upward movements.
- Volatility is expected to remain high, offering potential for both bearish and bullish trading opportunities.
- The asset may see periods of consolidation before breaking out of the current trend, either to the upside or downside.
