Cardano’s price could be poised for a rebound, fueled by strong technical signals and positive market sentiment despite the lack of recent institutional investment announcements. Key on-chain indicators suggest this potential resurgence, with platforms like Santiment highlighting an ‘Extreme Buy Zone.’ 📈
While Cardano founder Charles Hoskinson has not yet commented on the price movement, analysts such as Ali are observing a bullish divergence and The DApp Analyst forecasts a potential 97% surge in ADA. 👀
These positive signals, coupled with steady staking rates and no major withdrawal activities, suggest a favorable scenario for investors seeking to capitalize on the potential rebound.
Despite the lack of institutional investment news, Cardano’s price bounce is expected to drive increased trading activity around the asset and fuel speculative interest. 👀 Financial analysts highlight ADA’s position in a low-risk buying zone as further justification for potential price recovery. 🙌
Past trends have shown that Cardano’s historically low MVRV (Market Value Risk) often precedes a rebound, strengthening the argument for a possible price surge.