After Parabolic 700% Surge, Cardano (ADA) Is Near “Heavy” Resistance
bitcoinist.com
Cardano (ADA) has embarked on a parabolic surge over recent weeks. Unfortunately for Cardano holders, there are technical and on-chain signals indicating the altcoin’s rally is finally spent.
Van de Poppe added that if ADA runs a few percent higher, it will reach “heavy resistance” that it will have trouble breaking past. Blockchain analytics firm Coin Metrics, after all, reports that the 180-day correlations of Bitcoin and many top altcoins (including Cardano) are over 0.80.
Read in Full: bitcoinist.com
