in the coin's price, which already trades above the $1 threshold. Previously, U.Today noted the substantial growth of fundamental metrics like TVL, trading volume and development activity.With the massive growth of the TVL, trading volume and other fundamental metrics on Cardano, the price of the underlying asset of the network, ADA, broke through numerous resistance lines and entered a wide range between the 50 and 200 day moving averages.
The most important move made by ADA was the swift breakout of the 50-day moving average, which was not successfully tested in February, when ADA's price spiked to $1.20. But despite the strong price action, it lost all momentum and dropped to $0.70.manages to break through the next resistance line of the 200-day moving average.
Source: News Formal (newsformal.com)