- Cardano secures $1.1M influx, rebounding from prior $3.7M outflows, signaling investor optimism.
- ADA’s developer activity skyrockets with 978,780 GitHub commits, outpacing Ethereum’s contributions.
- Technical analysis reveals a bearish trend, with potential for further dips as indicated by Ketner Channel bands.
As the cryptocurrency market anticipates the upcoming Bitcoin halving event, attention is gradually shifting towards alternative coins, with Cardano (ADA) emerging as a potential underdog. Consequently, despite the ongoing market fluctuations, Cardano has demonstrated remarkable resilience and growth, catching the eye of investors and traders alike.
Just like last cycle as we head into Bitcoin halving and parabolic altcoin season, Cardano is an underdog.Even though I’ve been talking about this non-stop, people are once again sleeping on this chart.
When ADA takes off, it will be epic! pic.twitter.com/3WEQlP3tx5
— Dan Gambardello (@cryptorecruitr) April 2, 2024
However, in the last 24 hours, the bearish momentum in the ADA’s market had the upper hand, managing to dip price from an intra-day high of $0.6325 to a low of $0.5837, where support was es…
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