Cardano Ripe for a Rally As ADA Hits Prime Opportunity Zone for Bulls, According to Analytics Firm

Leading analytics firm Santiment says that one on-chain metric is hinting that Cardano has reached an opportune price level for ADA bulls.

The firm locks its radar on Cardano’s market value to realized value (MVRV), which shows the average profit or loss of all coins in circulation at a given price and can be used to suggest price reversals.

According to Santiment, Cardano’s MVRV is at a level that has historically been a bullish turning point for ADA.

“Cardano’s average…

>>>read full article here<<<