$48,000 proves too much for BTC bulls Saturday as Cardano’s ADA hits $2.20 in a fresh show of strength.
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$48,000 proves too much for BTC bulls Saturday as Cardano’s ADA hits $2.20 in a fresh show of strength.
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All eyes on a support/resistance flip at $2 as bearish sentiment stays absent for Cardano this week.
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ADA has gained 57% in the past 3 weeks but derivatives data shows pro investors aren’t bullish yet.
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Cardano joins the cryptocurrencies battling pivotal resistance zones after beating out bears lower down in a broad market comeback.
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ADA price crashed the last time Cardano futures open interest reached $1B, leading traders to question whether it is about to happen again.
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The third-largest altcoin is following its own bullish path with new dollar all-time highs and a three-year high against Bitcoin.
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Cardano is soaring, though ADA price still has a long way to go to beat its record high vs. Bitcoin.
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The price of ADA has surged by 170% in February to new all-time highs in U.S. dollars.
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