$ADA Big rally the past week and the stand-out within the majors.



Usually coins like these moving does tend to be a decent sign for overall altcoin risk appetite, but I'd want to see a follow up leg to properly confirm this.

One leg up is generally met with a decent amount of short covering/profit taking and isn't enough to confirm a bigger reversal after a big down trend.

But good to watch regardless.
ADA-2.89%
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GateUser-06596f3b
· 1h ago
Under observation, reversal signals need double confirmation.
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GateUser-55f70f75
· 1h ago
ADA is indeed strong in this wave, but waiting for confirmation of the second leg is more stable.
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TransparentDome
· 2h ago
A single-leg rally is mostly short covering, don't rush to FOMO.
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GateUser-59fc535c
· 2h ago
Classic trick: pump first to lure in traders, then see if there's follow-through.
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