FX_Professor

🔷 ADA CARDANO - 3$ Still Far Nonmatter how Close!

Long
BINANCE:ADAUSDT   Cardano / TetherUS
The 3$ mark has come close but has never been touched and the price seems to be consolidating below it (now at 2.85$)

The Alonso upgrade is incoming and given that things go well Cardano should be able to reach and exceed to 3$ but we ought to be carefull if the price drops below the support area at 2,75$. Hopefully a correction to 2,5$ or below will not be necessary.

Cardano remains one of the Top picks and we await to see if Bitcoin will help bring us to 3$ and above.

All this while both Ether and Cardano continue to dominate inflows to institutional crypto investment products, while demand for BTC weakens.

Institutional inflows to altcoin investment products have continued to increase this past week, but the same cannot be said for Bitcoin (BTC).

One Love,

the FXPROFESSOR

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