Cardano (ADA) has seen a slight dip, dropping 3% in the last 24 hours, but bullish signals from on-chain data and trader behavior suggest a potential rebound above the $0.84 resistance level. While ADA’s price action remains below its May high, Network Realized Profit/Loss metric suggests that many holders are currently underwater, potentially leading to a decrease in selling pressure, allowing for a price reversal. 1.33 is the weighted sentiment score on ADA, signaling a net bullish outlook among traders. This reflects increased buying interest over selling. Additionally, the $0.84 level has remained crucial since May 10th with little movement. Despite recent volatility and market slowdown, ADA’s performance shows resilience against broader crypto market trends.