Can Cardano reach $0.80? Mapping ADA’s course after 6% weekly gain

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While top cryptos like Bitcoin [BTC] were struggling to raise their prices, Cardano [ADA], on the other hand, had different plans.

on the other hand, had different plans. This was the case, as both its daily and weekly charts were green.

At the time of writing, ADA was trading at $0.4151 with a market capitalization of over $14.8 billion. However, this recent price uptick was not enough to earn the majority of investors profits., only 31% of ADA investors were “in the money” at the time of writing. However, this trend might change, as a bullish pattern appeared on the token’s chart.

Our analysis of Santiment’s data revealed that ADA’s MVRV ratio improved substantially in the last month, which can be inferred as a bullish signal.

 

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