Cardano’s $ADA Soars 27%—Will the Rally Hold?

Cardano’s ADA surged 27% this week, pushing 88% of its supply into profit, worth $31B. However, this raises profit-taking risks, as investors may sell their gains, pressuring the price.

🔍 Key Metrics:

*/ MVRV Ratio: 76.2% suggests potential overvaluation.

*/ Price Levels: ADA trades at $0.98, with support at $0.93. A break below could lead to $0.79, while sustained momentum could push it to $1.15.

Investor sentiment will decide if ADA consolidates its gains or faces a pullback. Will it hold

above $1? 🌟

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