$ADA
ADA
0.2734
-6.08%
Cardano (ADA) rally is testing the 50-day Exponential Moving Average (EMA) at $0.2904 at press time on Wednesday, facing downside pressure amid a broader market stall following the recent recovery. The long-term outlook, based on Market Value to Realized Value (MVRV) readings, implies massive upside, as ADA may be undervalued. The retail sentiment remains mixed as the Cardano derivatives market sees a 24-hour rise in Open Interest, while total liquidations skew bearish.