Buying Pressure $ADA Increases—Will This Trigger a Price Breakout?
At the time of publication, ADA was trading at US$0.72. On the daily chart, the Chaikin Money Flow (CMF) of this coin is on an upward trend and ready to cross the zero line, highlighting increased buying pressure.
This indicator measures the flow of funds into and out of an asset. When attempting to break through the zero line, it signals a potential shift from selling pressure to buying pressure.
If this breakout is sustained, it will confirm a strengthening bullish momentum in the ADA market and signal a potential upward price trend. In this case, the coin's price could rally towards US$0.82.
However, if selling increases, this bullish projection will be invalidated. In that scenario, the price of ADA could fall to US$0.60
