The Cardano (ADA) rally is expected to continue following a 65% price surge. On-chain analysis suggests that the Market Value to Realized Value (MVRV) ratio indicates potential for further gains, as the current ratio suggests that ADA's price could continue to climb. The relisting of ADA on Robinhood also suggests increased demand, particularly from US investors. The Historical In/Out of the Money (HIOM) metric shows a rise in the percentage of addresses in profit, potentially attracting new investments. The rally mirrors a previous trend from 2020-2021, indicating the possibility of substantial gains in the coming months. However, if selling pressure intensifies, ADA's price could drop.



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