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Cardano (ADA) on Verge of $0.877 Amid 15% Price Rebound
In a shocking turn of events, Cardano’s ADA has started to rebound from its recent downturn. The coin’s price is currently hovering around $0.88, sparking hopes that the bearish trend may be reversing soon.
According to a recent report by Messari, Cardano’s TVL in USD increased 13.3% QoQ to $231.6 million, indicating a strong rebound in the crypto market. This development comes as a surprise considering ADA’s recent price plunge under $1.
Despite this downturn, whales have remained bullish on the asset, and their buying spree could potentially spark a new rally for the cryptocurrency.
In fact, it seems that 877 might provide support ahead of the $0.76 low.
Source: u.today
