experienced a notable surge, rising by 8.13%. While this surge may seem tied to the recent Bitcoin rally, a deeper analysis spanning the past few weeks paints a more nuanced picture.Since the 22nd of January, ADA’s price has undergone a significant rally, marking a substantial 40% growth.
However, the Chaikin Money Flow declined from 0.34 to 0.17 at the time of writing, suggesting a potential shift in money flow and liquidity, raising concerns about the sustainability of ADA’s current trend. A lower velocity may signal diminished interest or engagement, potentially influencing ADA’s short-term price dynamics negatively.
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