📈 Prediction (ADA and LINK):
💪 ADA/USDT - The price of #Cardano is in a downtrend, and previous recovery attempts have been unsuccessful, largely due to broader market trends that have been relatively bearish. However, according to the Mean Coin Age metric, which calculates the average age of all coins in circulation, confidence among Cardano holders is gaining momentum again. The chart below shows that during the first quarter, the indicator increased by only 6.6%, whereas over the past two weeks, MCA has risen by 2.4%. Forecast: At the time of writing, Cardano is trading at $0.51. The altcoin has been moving in a descending channel for over a month, exiting which usually signals a potential trend reversal. A retest of the upper line of the pattern and its potential breakout will signify a breakthrough, leading to an increase to $0.66. However, if the channel support is breached and the #ADA price falls below $0.40, the bullish thesis will be nullified.
🔗 LINK/USDT - As the price of #Chainlink rises, investors are once again entering the profit zone, which could be a key factor prompting them to sell tokens. A recent correction has led to a decrease in the overall LINK supply in profit from 84% to 70%. These 14% of the supply represent nearly 82.18 million LINK worth around $1.3 billion. Now all these coins have returned to their original state before the fall. Over the past two days, the share of profit supply has increased again and at the time of writing the article has reached 84%. Forecast: Over the weekend, the Chainlink price surged by 20% to $15.8. Right below this point is a barrier that #LINK has repeatedly tried to overcome in the past and failed. The price is again retreating from the $15.6 resistance, aiming to test support levels at $14.6 and $13.4. If this time LINK holders start selling, potential downside could push the price to the last support level mentioned above. However, if the resistance at $15.6 is successfully breached and turns into support, a recovery is possible. The next critical resistance is at $18.
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