Cardano (ADA) witnessed a significant increase in prices, as it gathered 60 % after struggling for six weeks in the declining direction.
The last announcement of US President Donald Trump’s reserves, which includes Cardano, was a major incentive for this movement, which prompted ADA to the highest level of one dollar for the first time in more than a month.
Cardano investors recover their losses
The long/short MVRV indicator shows a significant rise, indicating that the long -term profit margins (LTHS) have risen. LTHS usually works as a basis for the stability of encrypted currency prices. When LTHS benefits and selects it instead of selling, it prevents low prices and instead supports price increases.
This behavior is in line with the recent price increases, as their long -term holders choose to retain ADA, which enhances the upscale momentum.
The increasing LTH profit increases the strong investor confidence in the original horizons in the long term. This, in turn, indicates that the assembly may be more than just a short -term price movement, but rather the beginning of the most sustainable upward trend.
Cardano has entered the peak area, which is traditionally a landmark that indicates possible price repercussions. However, the historical data on ADA reveals that the height in the area of excessive intelligence often indicates the continuation of upward momentum, not a reflection. This indicates that despite the excessive signal of the peak, Cardano can continue to gather.
Given that the previous cases of RSI, which enter the peak area, have led to an increase in prices for ADA, the current scenario indicates that Cardano may continue to rise. This momentum, if sustainable, can lead to ADA to more highlands despite the typical nature of excessive conditions in the conditions that are clarified.
ADA price gathering
At the time of writing this report, the price of Cardano increased by 60 %, as it is traded at $ 1.06. This represents a great recovery after he struggled with Altcoin without a $ 1 mark for six weeks. The price increase is a direct result of the market reaction to the Trump advertisement, with ADA pay a strong payment over one dollar. This level is very important because it represents a psychological threshold for both merchants and investors.
The penetration above the $ 1 barrier is a sign that Ada may prepare for more gatherings. In order for Cardano to maintain its upward momentum, it needs to secure $ 1.00 as a reliable level of support. Failure to keep this level may lead to losing momentum and returning to low price levels.
If Cardano fails to maintain support at $ 1.00, it may return to the next main support level at $ 0.85. This would nullify the current ups and a potential recovery. However, maintaining support at $ 1.00 would boost the gathering and pave the way for more price increases.
Disintegration
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