{"id":160262,"date":"2025-06-17T16:00:04","date_gmt":"2025-06-17T13:00:04","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=160262"},"modified":"2025-06-17T00:11:06","modified_gmt":"2025-06-16T21:11:06","slug":"cardano-shows-signs-of-recovery-as-market-sentiment-turns-positive","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/cardano-shows-signs-of-recovery-as-market-sentiment-turns-positive\/","title":{"rendered":"Cardano Shows Signs of Recovery as Market Sentiment Turns Positive"},"content":{"rendered":"
This upward move comes as total market capitalization edges higher, supported by renewed optimism among traders.<\/p>\n
The latest price movement has helped ADA escape a short-term downtrend that had been in place since mid-June. The token\u2019s breakout above a descending price channel suggests a possible shift in direction, hinting at the early stages of a bullish reversal. These channels often indicate bearish control, but when broken to the upside, they can signal renewed buying interest.<\/p>\n
Technical indicators appear to support this potential reversal. Cardano\u2019s Balance of Power (BoP) reading has shifted into positive territory, pointing to growing strength on the buy side. With BoP currently at 0.33, traders may interpret this as an early sign that bulls are regaining control of the market.<\/p>\n