๐จCardano (ADA) Drops 17% โ But a Rebound Might Be Closer Than You Think! ๐๐
Cardano has seen a 17% dip, but donโt let the red candles fool you โ signs of a potential bounce-back are emerging. Here's why ADA could be gearing up for a reversal soon:
๐น ๐ MVRV Ratio at -9.34%
This key metric shows ADA is undervalued. Historically, this level often precedes strong rebounds.
๐น ๐ข Social Dominance on the Rise
Increased chatter = growing attention. More eyes on ADA can drive renewed demand and bullish sentiment.
๐น ๐ Price Near Channel Resistance
ADA is now near the upper boundary of a descending channel, a signal that bearish momentum is weakening.
๐ Keep an eye on this zone. If support holds, ADA might surprise with a swift upside move! ๐๐
