ADA is hovering at $0.63, and there's a bit of a heavy atmosphere 😤
Apparently, there was a $1.34M outflow just yesterday, and the market is in wait-and-see mode. However, the Cardano Foundation is planning to acquire .ada and .cardano domains for the ICANN application next year. It seems they're aiming to raise ecosystem awareness.
The price is moving slightly within a symmetrical triangle. Breaking above $0.70 could be the key to a breakout. Support is at $0.60, and resistance is between $0.70 and $0.77. It's worth keeping a close watch to see how things move from here.
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ADA is hovering at $0.63, and there's a bit of a heavy atmosphere 😤
Apparently, there was a $1.34M outflow just yesterday, and the market is in wait-and-see mode. However, the Cardano Foundation is planning to acquire .ada and .cardano domains for the ICANN application next year. It seems they're aiming to raise ecosystem awareness.
The price is moving slightly within a symmetrical triangle. Breaking above $0.70 could be the key to a breakout. Support is at $0.60, and resistance is between $0.70 and $0.77. It's worth keeping a close watch to see how things move from here.