Cardano Soars 17%, Reaching New Highs as Short-Term Holders Profit

Cardano (ADA) has experienced a significant surge, jumping over 17% to reach $0.78. This impressive climb comes after the coin suffered a sharp drop of 40% in March, indicating a shift towards bullish sentiment. Data reveals short-term holders have profited greatly, while long-term investors are lagging behind. This suggests the end of a bearish cycle may be approaching, as seen by the narrowing MVRV Long/Short Difference metric.