1 week ago
5
Key Takeaways:
- ADA at $0.2310, testing horizontal support that has held since 2020.
- Monthly RSI at 38.92, signal at 46.78, sustained bearish momentum on monthly chart.
- Wallets holding 1M+ ADA collectively hold 25.11B ADA, highest since December 2017.
- 67.49% of total ADA supply held by millionaire wallets, highest since July 2020.
Cardano is trading at $0.2310, down 6.21% on the monthly candle, and sitting on the support line that has held since 2020. This is the same level ADA was trading at before the 2021 rally that took it to $3.00. The line has been tested twice since then and held both times. It’s being tested again now.
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