Ramazan Eles 
BTC price is rising and most altcoins are continuing the day in green. The king cryptocurrency rose to $60,400. The key point here is the 60,200 to 60,400 dollar region and if those who evaluate the bottoms do not start quick selling, a return to the 70,000 dollar route may be possible again. Many metrics have been giving bottom signals for days, and recent political developments have acted as a trigger for price increases.
ADA Coin price made a quick comeback. However, what we are used to here is the fact that investors quickly convert these small gains to cash out of greed. ADA Coin has been stuck in a tight range for a long time for this reason. On the other hand, MVRV data gives another sell signal. The Market Value/Realized Value (MVRV) ratio reflects investor profitability.
The 30-day MVRV is at 11% for ADA Coin, and this shows that many investors are in an attractive position to sell profits at current levels. Therefore, investors may start a new process where they cash out their gains and increase selling pressure while doing so.
According to historical data, when the MVRV ratio is between 10% and 20% for ADA Coin, a price correction is usually seen. These levels, known as the danger zone, are accepted as a bearish signal in the market. On the other hand, this situation is similar to MVRV giving historical bottom signals in negative values, and it does not necessarily require the price to move in the direction it clearly shows.
ADA Coin Comment
Addresses holding between 1 million and 10 million ADA made a sale of $52.6 million. These recent sales may be another leading signal of the pressure we mentioned in the first part. On the other hand, with BTC prices closing above $60,200, MVRV can be expected to rise to 20% for higher levels.
As of the time of writing the article, the main resistance point that has not yet been broken is at $0.44. If the price wants to stay above $0.42, it should overcome the resistance and move towards higher levels. In a bearish scenario, closing prices below $0.40 may mean the end of the recent rally.
0.45 and 0.46 dollar targets are possible with a jump from 0.42 dollars. BTC is hovering above $60,000 as of the time of writing.