Looking to invest in Cardano? Heres how much you should allocate based on its TVL - BitcoinEthereumNews.com
ที่มา: Defillama Gert van Lagen, a crypto analyst, and trader believes that Cardanos price has tested its 2018 top multiple times; the next target is $5 before the end of May 2022. However, the token, for now, seems to be going down with the bears. After a major sell-off on 24 January, ADA bulls exerted pressure but to no avail. The coin formed a plateau for the week ending on 4 February. Further, the price climbed up the ladder only to face resistance at the $1.21 level. For the lack of demand, the coin sided with the bears and has been on a downtrend since. In order to reach the $1.62 level, the bulls will have to break past their two months long resistance at $1.460. Interestingly, at the time of writing, RSI stood in the oversold territory at the 31-mark. A trend reversal can be on the cards soon. However, the volume oscillator showed no signs of revival which remains an area of concern. Source: TradingView, ADA/USD Bull or Bear？ Cardano in the last 24 hours had $17.56 billion worth of volume transactions. Thus, beating out Ethereum which had just $10.50 billion worth of transactions. It is a very significant difference because on comparing