ADA is undervalued
I write this insight based on 2 on-chain charts and a follow up on my last "ADA What's next" insight.
I see a divergence between price and whales activity. BULLISH
There are signs of exhaustion of sellers. On every big price decrease there are less and less coins moving at a loss. BULLISH
We are near the area of filling the volume gap. We may expect some serious buying at those levels. BULLISH
Based on the things mentioned above, I believe price will increase in value.
However, without any other data, it is difficult to accurately assess the validity of this analysis. It is important to consider multiple factors and carefully evaluate the available data when making investment decisions. This is purely for SanR.
Thanks for reading!
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