This is evidenced by an increase in USDT inflows, which tracks the movement of USDT coins between wallets and exchanges: according to
analytics platform Cryptoquant, #USDT inflows exceeded 450 million for the first time since February 3. This is a notable change, as it may indicate new buying power on the exchange.
positive inflows (more deposits than withdrawals) indicate increased liquidity of stablecoins on the exchange and are a good predictor of market movement.
#ADA began to recover from the February 19 low of USD0.731. The recovery continued at the beginning of Thursday's session, and over the last 24 hours ADA gained 4.33% to USD 0.782. For the week, ADA is up slightly, by 1.10%.
#Cardano reached a high of USD 0.828 on February 17, and then fell from a high of USD 0.813 the next day, indicating that bearish sentiment persists and traders are selling to the upside.
On the uptrend, bulls need to push and hold the ADA price above the short-term barrier of $0.82 to move towards the 50-day SMA of $ 0.90.
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