After a sharp decline in March, Cardano is showing signs of strength, climbing to $0.79 after a 17% jump in just a few days.
This rebound is being fueled not only by broader market optimism but also by shifting behavior within its investor base.
Recent on-chain data points to a stark contrast between short-term and long-term holders. While long-term wallets remain deep in unrealized losses, newer entrants—those holding for less than a month—are seeing gains. Historically, this kind of divergence marks a transitional phase, where selling pressure from older holders is gradually absorbed by bullish speculators.
Supporting the turnaround is Cardano’s MACD indicator, which currently suggests increasing bullish momentum. Rising histogram bars indicate growing strength, with no imminent signs of reversal. The momentum shift could help erase much of ADA’s earlier losses if the trend persists.
With sentiment improving and technicals aligning, Cardano appears to be entering a phase of quiet accumulation—and possibly a sustained recovery.
With the U.S. Securities and Exchange Commission (SEC) already greenlighting spot Bitcoin and Ethereum ETFs, attention is now turning to the next wave of crypto-backed exchange-traded funds.
As crypto markets navigate another week of volatility and shifting sentiment, traders are increasingly turning their attention to emerging altcoins and high-momentum tokens.
A new milestone in cryptocurrency investment products is set to unfold this Wednesday, as REX Shares prepares to launch the first-ever U.S.-listed staked crypto exchange-traded fund (ETF), according to a company announcement shared on X.
XRP (XRP) has gone up by 1.2% in the past 24 hours but, behind that mild price increase, there has been a significant spike in trading volumes. During this period, $2.4 billion worth of XRP has exchanged hands, representing an 83% increase. Just hours ago, Ripple announced the official launch of its Ethereum-compatible sidechain called […]