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Though Cardano [ADA] joined the broader market recovery, the token might not be done with its uptrend. This was the opinion of
joined the broader market recovery, the token might not be done with its uptrend. This was the opinion of Ali Martinez, a crypto analyst on X .a buy signal on Cardano’s chart. This indicator gauges trend exhaustion and identifies a turning point in the price of a cryptocurrency.At press time, ADA changed hands at $0.38. But if validated, the altcoin’s value could be higher, with potential targets at $0.40. However, it is necessary to analyze the token’s potential from an on-chain perspective.
All of this put together measures the adoption of ADA and traction on the Cardano’s network. According to IntoTheBlock, theFor instance, new addresses increased by 30.70%. Active addresses climbed by 40.80% while zero-balance addresses rose by 29.24% within the same period.
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