Ardor (ARDR) Surges Over 100% Amid Korean Trading Volume Spike

Ardor (ARDR) experienced a dramatic price increase of over 100% within 24 hours, reaching approximately $0.13. This surge was largely driven by a significant rise in Korean trading volume, with 90% of inflows coming via the KRW trading pair. The token’s 24-hour trading volume increased by 770% to $547 million. This price action contrasts with the broader crypto market’s lethargy, which has caught the attention of many traders. The sudden spike in ARDR’s price and volume may be linked to speculation about a potential Korea-centric announcement or partnership, although no official confirmation has been made. Additionally, ARDR was recently listed in Binance’s second batch of ’Vote to Delist’ tokens, which typically results in price drops, but the community seems to be counteracting this move by increasing demand. Despite the bullish trend, caution is advised due to the overbought RSI levels, suggesting a possible short-term pullback. Key support lies at $0.10, and a breach of this could lead to further declines. Traders should also be aware that the MACD shows bullish momentum, but monitoring for a potential divergence could be vital.