Cardano

The bulls have held the immediate support level on most major cryptocurrencies, which is a positive sign. This suggests that the sentiment is to buy the dips.

Traders are taking a break after the most recent volatility which suggests that most major cryptocurrencies will remain range-bound for the next few days.

The correction in most major cryptocurrencies is shallow, which suggests that the up move is likely to continue within the next few days.

Charles Hoskinson, co-founder and CEO of IOHK, the firm behind Cardano, said that he expects the coin to see a hard fork in mid-February.

The Cardano blockchain’s commercial arm, Emurgo, has partnered with the government of Uzbekistan to form a blockchain task force.