Cardano $ADA Steady, but Market Liquidity Tells a Different Story
The relative balance between buying and selling pressure in the Cardano market has kept the coin’s price in a tight range since early February.
However, some key momentum indicators for ADA suggest that the tide may be shifting in favor of bulls as liquidity begins to flow into the market. This suggests a potential bullish breakout in the near term.
Cardano Price Stalls, but Smart Money Continues to Accumulate
Since early February, the price of ADA has been hovering within a tight range. It faced resistance at $0.82 and found support at $0.73. However, this trend may be changing.
Readings from two key momentum indicators are showing increased liquidity and increasing accumulation, suggesting that ADA buyers are gradually entering the market.
