Its resurgence coincides with three key indicators that are on the rise: according to IntoTheBlock, this indicator is up 10.5% daily; IntoTheBlock, this indicator is up 10.5% daily; IntoTheBlock, this indicator is up 10.5% daily; IntoTheBlock, this indicator is up 10.
5% daily; IntoTheBlock, this indicator is up 10.5% daily; IntoTheBlock, this indicator is up 10.5% daily; IntoTheBlock, this indicator is up 10.5% daily. This indicator measures the change in the number of #ADA investors who are currently locking in profits on the paper. Currently, 31% of them are on the upside, while 66% are underwater.
the time of the #cryptocurrency market crash in early August, the statistics looked much worse. At that time, the price of ADA fell to a seven-month low of $0.27, and only 0.35% of holders made a profit on their initial investment.
The second "bullish" factor is the high volume of transactions (when each transaction with ADA in the #chain exceeds $ 100,000): On Sept. 25, this figure reached $6.6 billion, up 12% in 24 hours.
Now, let's take a look at the NVT (value-to-transaction ratio) of ADA. This ratio is currently around 2.7 and is considered low. This suggests that the #token is undervalued and therefore ready for potential growth.
One popular analyst who recently predicted the further growth of Cardano's native token is CryptoBullet X user. This trader expects the price to hit a lower high of around $1.80 next year. However, he believes that the price could then drop to US$BTC And conversely, ADA's Relative Strength Index (RSI) suggests that the asset may soon correct. This analytical tool measures the change and speed of price movement from 0 to 100.
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