Cardano: This metric suggests buyers remain on the fence as price approaches $0.50 CardanoADA CardanoCommunity ADA
The MVRV reveals the sentimental mood surrounding an asset at any particular time, based on probability, and deduces the possibility of future price movement. MVRV, or Market Value to Realized Value, is a ratio that determines whether or not an asset's price is fair. MVRV could be used as a stand-alone statistic to predict market peaks and bottoms.
Average MVRV divergences between -50% and +50% are considered"neutral," meaning they are less than halfway between the"Opportunity Zone" and the"Danger Zone." The"Opportunity Zone" has undervalued assets, while the"Danger Zone" has overvalued assets. Cardano's price dropped after a significant recovery that saw it reach highs of $0.669 on June 8. In keeping with the current market downturn, ADA was down 11.07% at $0.51 at the time of publication. Cardano remains in a trading range, with resistance at $0.67 and support at $0.39, despite the price drop.Whales and large entities generally buy assets at a discount during periods of dips or consolidation.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
BTC, BNB and ADA Price Analysis for June 12Can any of the altcoins rise against the drop of BTC? CardanoStiftung ADAcoin_ Cardano cardano Cardano_ emurgo_io ave_Jonez_02 BNB Pain_Alive_BNB Binance_DEX
Consulte Mais informação »
Laffer slams Biden admin over inflation: This is a ‘catastrophic economy’Former Reagan economic adviser Art Laffer provided insight into inflation and the May consumer price index which revealed the price for everyday goods rose 8.6%.
Consulte Mais informação »
Mortgage rates jump up again to 5.23%, pricing out home buyersAfter a slight dip, U.S. mortgage rates jumped up again Thursday ahead of the Federal Reserve's meeting next week when it's expected to announce another big, half-point hike to its main borrowing rate.
Consulte Mais informação »
Biggest Movers: WAVES, NEAR Hit Multi-Week Lows on Saturday – Market Updates Bitcoin NewsNEAR fell to a one-month low to start the weekend, as prices moved below their long-term support point. WAVES is down 15%
Consulte Mais informação »
Protesters demand mayor set aside affordable housing near Obama CenterProtesters say they are being priced out of their homes as developers snatch up property near Jackson Park.
Consulte Mais informação »