An essential element worth observing when trying to predict the future price dynamics of ADA is the net exchange flow of the asset. Data collected by CoinGlass reveals that, in recent weeks, outflows have significantly exceeded inflows.
This trend suggests that investors may have shifted from centralized exchanges to self-custody solutions, thereby reducing immediate selling pressure.
Cardano opens Thursday's session up at 0.6764 dollars. The 70-period moving average is above the last six candles, RSI is rising at 36 points, and the MACD lines cross below the zero level.
Medium-term resistance is at 0.864 dollars. Meanwhile, the Ei indicators are mixed.
