Cardano $ADA May Continue to Rise

One of the key indicators that supports this prediction is the Market Value to Realized Ratio (MVRV). This metric helps identify potential market tops and bottoms and provides insight into investor behavior.

The higher the MVRV ratio, the higher the profitability of holders and their willingness to sell. A decrease in MVRV, in turn, means a decrease in unrealized profits. At the time of writing, ADA's 30-day MVRV ratio is -7.27%. Historically, when this value is reached, the altcoin's price has continued to rise. In addition, Cardano's recent listing on Robinhood may increase demand from US investors. The HIOM metric, which analyzes the difference between profitable and losing addresses to assess market momentum, also confirms this prediction. The number of profitable Cardano addresses has started to increase, but it is still far from its all-time high.$BONK $PROS