Cardano (ADA) is making strong progress, closely following the upward momentum of Bitcoin after a long accumulation period. 📈
- Technical analysis indicates that ADA has the potential to outperform BTC in the short term.
- The BTC/USDT chart shows a recovery from the support level of $0.75, paving the way for a resistance level of $1.3 and higher in the coming weeks.
- On the ADA/BTC pair, the market has surpassed the threshold of 1,000 SAT, turning it into a support zone, which could push the price up to the resistance level of 1,500 SAT.
- The 200-day moving average is also supporting the upward trend, forecasting that ADA will begin a new rally compared to BTC. 🚀