Cardano Hits Opportunity Zone MVRV Ratio Points to Potential Bottom
Cardano’s price recently dropped by 7%, with the MVRV ratio hitting -15%, signaling an opportunity zone for investors. Historical data suggests that a ratio between -13% and -26% indicates potential reversal. The critical support level at 0.87 is fundamental for maintaining a bullish outlook. As the market progresses, understanding these indicators helps investors navigate through potential pitfalls while identifying ideal entry points. Focusing on Cardano’s market behavior and its response to support levels will be crucial in the immediate future.
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