Cardano (ADA) Climbs to Weekly High, Poised For More Upside
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Cardano (ADA) saw a significant 22% price increase over the past week, reaching a high of $0.40. This rally has resulted in a profitable week for many ADA holders, evidenced by a 1.05 ratio of on-chain transactions in profit. The altcoin's Relative Strength Index (RSI) of 53.66 indicates buying pressure, with potential for further gains if ADA crosses its 50-day small moving average. Possible scenarios include ADA trading above $0.41 if the uptrend continues or falling to $0.38 in case of a decline.
Source: beincrypto.com ↗
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