In today's Cardano Ada news update we explore how Cardano Ada plunged 17% before finding support in a support zone and why a rebound could follow as its 30-day MVRV ratio fell to 9.34%, a level that historically precedes price recoveries. We dig into 809 million Cardano Ada trading volume in 24 hours, rising social dominance, and on-chain metrics showing whales driving futures activity and open interest up by 0.27% as ADA tests the lower boundary of a descending channel. We also cover Cardanoโs nexus with Bitcoin DeFi and upcoming fundamental upgrades that position ADA to lead future DeFi growth; Charles Hoskinsonโs timeline for Bitcoin to hit $1 million by decadeโs end underscores market optimism. Key takeaways from recent news articles underscore the importance of MVRV, on-chain indicators, and social dominance in anticipating trend reversals. Former Cardano CEOs warn against national bias in US-only crypto reserve strategy, highlighting the need for global blockchain strategic reserves. Join our Discord and please like, subscribe, or comment your thoughts below.๐ Free Educational ๐๐ถ๐๐ฐ๐ผ๐ฟ๐ฑ:๐ https://discord.gg/cheekycrypto๐ง This is a community for educational discussion only.๐ซ No financial advice is provided.๐จโ๐ผ Admins and moderators are not licensed financial professionals.๐ Learn:๐ https://cheekyschool.com/Educational resource only โ no guarantees of financial outcome.-----------------------------------------------------------------๐ฅ OUR YOUTUBE CHANNELS๐น Follow Cheeky Crypto ๐ผ๐ป YouTube: / @CheekyCrypto๐น Follow Cheeky Crypto Plus ๐ผ๐ป YouTube: / @CheekyCryptoPlus๐น Follow Cheeky Crypto Trading ๐ผ๐ป YouTube: / @CheekyCryptoTrading๐น Follow Cheeky Crypto Education ๐ผ๐ป YouTube: / @CheekyCryptoEducation๐น Follow Cheeky Crypto Unfiltered ๐ผ๐ป YouTube: / @Cheeky_Crypto_Unfiltered-----------------------------------------------------------------๐ฑ FOLLOW US ON SOCIAL MEDIA๐ฆ Follow us ๐ผ๐ป ๐ซ: / cheekycrypto๐ Follow us ๐ผ๐ป ๐ ๐๐๐๐๐จ๐จ๐ค: / cheekycrypto-----------------------------------------------------------------Check out our Affiliate Offers:We may earn a commission if you sign up through the link below. ๐ https://portal.cheekycrypto.io/cheeky-crypto-affiliate-links/-----------------------------------------------------------------โ ๏ธ ๐๐๐ช๐๐ฅ๐ ๐ข๐ ๐ฆ๐๐๐ ๐ ๐๐ฅ๐ฆ ๐๐ก ๐ข๐จ๐ฅ ๐๐ข๐ ๐ ๐๐ก๐ง๐ฆ ๐๐ก๐ ๐๐ข๐ ๐ ๐จ๐ก๐๐ง๐ฌ ๐๐๐๐ก๐ก๐๐๐ฆ โ ๏ธ๐ DISCLAIMER:This is a channel for entertainment purposes only. All opinions expressed by the hosts and guests should not be construed as financial advice.The views of guests and hosts do not necessarily reflect those of the channel.We do not promote any get-rich-quick schemes, trading strategies that guarantee returns, or risky financial behavior.All trading decisions are your own responsibility. Viewers are strongly encouraged to do their own research.Trading cryptocurrencies carries a significant risk of loss, and no outcome is guaranteed. This Channel does not offer financial services or securities and does not guarantee any results.Affiliate offers are intended only for non-UK residents.This content complies with YouTube's Harmful and Dangerous Content policies and is intended for mature audiences interested in learning about blockchain technology. Some links are affiliate offers.We may earn a commission if you sign up through them, at no additional cost to you.These platforms are not recommendations and are shared for informational purposes only.Offers vary and may not be available in all regions. Please consult your local laws and financial advisor before participating.
