Cardano (ADA) is gaining bullish momentum, indicated by a positive shift in sentiment among both retail and smart-money traders. This growing confidence suggests that investors believe in ADA’s recovery potential.
The recent Taker Buy CVD data illustrates increased buying pressure, with top traders on Binance favoring long positions, indicating expectations for an upward price movement for ADA.
As ADA tests its support near 0.37 USD, with resistance potentially at 0.53 USD, recent liquidation trends further support the bullish outlook, hinting at a possible price rebound.
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