.Cardano bulls may soon take over the market on these grounds
of maintaining relative resilience against the ongoing bear action, and perhaps printing a bullish reversal in the short- to midterm. The rationale for this proposition stems from the positive trading activity surrounding the ADA coin.
The CoinMarketCap data shows that Cardano's trading volume over the past 24 hours is on a positive trend, soaring as high as 26.36%, with the cumulative volume pegged north of $263 million. The positive trading volume is an indication that despite the bearish outlook, investors cutting across both retail and institutional investors interacting with the network are unwavering in their activities at this time.
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