As per the CoinShares' weekly flow report, Cardano is at the top of the list of crypto assets garnering inflows of $10M. With the environmental concerns revolving around PoW protocols, Cardano presents itself as an energy-efficient PoS blockchain network while it has logged in 1 Million ADA Wallets witnessing a fivefold increase in 2021 itself.
On a 4 Hr Time Frame, ADA is currently taking support at 20 EMA and is looking bullish.
The immediate resistance is placed at ~$1.8, crossing this level, ADA may move to the levels of $2.1.
The support to the lower side is present at $1.62 followed by $1.45.
On a 4 Hr Time Frame, ADA is currently taking support at 20 EMA and is looking bullish.
The immediate resistance is placed at ~$1.8, crossing this level, ADA may move to the levels of $2.1.
The support to the lower side is present at $1.62 followed by $1.45.