Upbit Halts ARDR and IGNIS Trading to Support Critical Ardor Network Hard Fork
- Trading Suspension Announcement: South Korea's leading cryptocurrency exchange Upbit has announced a halt on deposits and withdrawals for ARDR and IGNIS starting February 2 at 3:00 a.m. UTC to support a critical hard fork of the Ardor network, aimed at protecting user assets and ensuring a smooth transition.
- Security Protocol Implementation: This suspension is a standard security measure in the crypto industry designed to prevent potential asset losses or technical conflicts during network upgrades, thereby maintaining user trust and enhancing the platform's compliance.
- Technical Upgrade Background: The Ardor network's hard fork will introduce new consensus rules and functionalities; past upgrades have successfully enhanced smart contract capabilities and scalability, and this upgrade is expected to further bolster the network's competitiveness.
- Market Impact Analysis: Historical data indicates that successful technical upgrades typically stabilize or increase asset prices in the short term, and Upbit's handling of this event will set a benchmark for other exchanges, enhancing confidence in the broader South Korean crypto market.
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Technical Analysis for ARDR
Technical Sentiment Analysis for Ardor (ARDR) As of , Ardor (ARDR) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ARDR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ARDR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Ardor (ARDR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.0412 | -0.00142 | 0.0242 | 0.0639 | 0.0895 | 0.129 | 0.155 |
| Fibonacci | -0.00142 | 0.0235 | 0.039 | 0.0639 | 0.0889 | 0.104 | 0.129 |
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