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Cardano (ADA) Shows Strong Bullish Sentiment and Potential for Further Gains in August

The writer's opinion presented in the following information is not financial, investment, trading, or other types of advice. Cardano has a strong bullish sentiment in the lower timeframes, and the daily chart is also bullish. Cardano has clung to the $0.3 support over the past ten days, but it remains to be seen if the buyers can maintain their momentum.

The network has witnessed a surge in development activity, and the on-chain metrics are positive. The RSI shows bullish momentum rising, but the OBV highlights a lack of buyers. The Open Interest and CVD show buying pressure and bullish sentiment behind Cardano, and Cardano buyers can expect further gains.

Cardano Cardano $0.91
+15.13%
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