One of the leading analysis companies in the crypto money industry centimeter, made a critical statement for a leading altcoin.
centimeter, Charles HoskinsonHe stated that Cardano (ADA), implemented by , may be preparing for a serious rally according to the latest data.
Cardano’s MVRV indicator was the biggest signal to achieve this.
Does this indicator, which determines the average profit and loss rates of those who invest in Cardano, herald a serious rise?
Santiment Awaits Rally For Cardano
centiment According to the information provided by Cardano, MVRV rate increased to levels seen in the previous rally period.
Santiment experts emphasized the following in their statement on the subject:
Cardano’s average trading revenue has dropped to -15% on the 30-day chart. When this situation was seen before, a serious reversal and rise was seen in ADA and other altcoins.
From here on, the downtrend can stall and the uptrend can begin.”
According to the information conveyed by Santiment, there may be a movement in altcoins, especially with the FOMC meeting to be held next month.
Satiment stated that according to the decisions to come from the FOMC meeting, there may be activity in the SP500 index and that altcoins may rise with it.
📉 #Cardano‘s average trading returns on the 30-day mid-term interval has fallen below -15%. This is historically an MVRV level when $ADA and many other #altcoins see at least a short turnaround in prices to alleviate the losses mounting on networks. 🫰 https://t.co/cIAE2JuWRV pic.twitter.com/Ti98uQ3Rfr
— Santiment (@santimentfeed) April 22, 2022
Santiment also made an important statement about the leading cryptocurrency Bitcoin.
According to experts, with the increase in the transaction volume of stablecoins, BTC may take action and give bullish signals.