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Cardano Price Crash Triggers On-Chain Buy Signal, What's Next?

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Summary
Nutrition label

67% Informative

Cardano ( ADA ) has crashed by 10% in seven days and has been overtaken by Tron (TRX) in market cap ranking.

A double-bottom pattern on the monthly chart hints towards a potential recovery in price to $ 3.10 if ADA overcomes resistance at $ 0.80 .

The 30-day MVRV ratio has plunged to a level that has often signalled a potential reversal in trend from bearish to bullish.

VR Score

49

Informative language

38

Neutral language

49

Article tone

formal

Language

English

Language complexity

33

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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