Источник BeInCrypto.com
Заголовок Cardano (ADA) Eyes Further Gains After 65% Weekly Surge, Historical Data Shows
Дата 20241116

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Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano (ADA) Eyes Further Gains After 65% Weekly Surge, Historical Data Shows

Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano (ADA) rally may be poised to continue following its impressive 65%
price surge over the past week. This outlook stems from its historical
performance and anticipated investor behavior.

Currently trading at $0.72 — its highest level since MarchADA could see
further gains. This on-chain analysis reveals why this might happen, even
though some analysts have called for a significant correction.

History Suggests Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano Breakout May Be Just Beginning

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One key indicator suggesting this outlook is the Market Value to Realized
Value (MVRV) ratio. The MVRV is a metric that compares the market value of a
crypto asset to its realized value. This ratio identifies potential market
tops and bottoms and offers insights into investors’ behaviors.

Typically, the higher the MVRV ratio, the higher the profitability of holders
and their willingness to sell. However, when the ratio decreases, it means
unrealized gains have reduced, and investors might not be inclined to
liquidate their assets.

For ADA, the 30-day MVRV ratio is -7.27%, indicating that if all Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano
holders sell , the average return on investment could be a loss. Historically,
when the ratio is at this level, it means that ADA’s price could continue to
climb .

As seen below, it took an MVRV ratio of 55.56% for ADA to experience a
correction in March. Therefore, if history repeats itself, Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano’s price
might rise much higher than $0.72 in the short term.

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Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano 30-Day MVRV Ratio. Source: Santiment

Furthermore, Robinhood s relisting of the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта suggests that
demand for ADA might surge — particularly from the US. If that is the case,
then the prediction of a higher value could become reality.

Also, the Historical In/Out of the Money (HIOM) metric, which assesses the
difference in profitable addresses to gauge market momentum, supports this
outlook. A decline in the metric indicates that more holders are out of the
money, often discouraging new investments.

However, in Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano’s case, the percentage of addresses in profit has risen,
potentially encouraging sidelined investors to buy ADA in the short term. If
this buying pressure materializes, it could drive the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта s
value even higher. Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano Historical In/Out of Money. Source: IntoTheBlock

ADA Price Prediction: 500% Hike in View?

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On the weekly chart, the Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano rally appears to be mirroring a trend from
2020–2021, during which ADA soared by 3,653%. This previous surge was
triggered by a bullish crossover of the 20-week Exponential Moving Average
(EMA) above the 50-week EMA.

During that period, ADA climbed from $0.061 to $2.29. Currently, the 20 EMA
(blue) has just crossed above the 50 EMA (yellow), signaling renewed bullish
momentum for the token. While a similar percentage rally may be unlikely, ADA
could still see a substantial gain of up to 500% over the coming months if
past performances influence future trends. Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano Weekly Analysis. Source:
TradingView

If that happens, ADA could rise to $2.03. This could also be accelerated by
the rise in Bitcoin’s (BTC) price, especially as Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano seems to have a
strong correlation with it. However, if selling pressure intensifies, this
might not happen. Instead, ADA could drop to $0.33.

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Disclaimer

In line with the Trust Project guidelines, this price analysis article is for
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