Cryptocurrency prices are seen pulling back on Thursday, with Cardano down 3% over the past 24 hours as overall trading activity showed a slight dip, affecting several major altcoins.
However, even as the altcoin token dipped, on-chain data suggested that a bullish reversal for ADA could be setting up.
Investor sentiment remained optimistic, according to Santiment. The coin’s weighted sentiment was at 1.33 and in an uptrend.
📊 #Cardano's weighted sentiment has shifted positive (1.33) and is now trending up. Investors appear to be growing more optimistic with $ADA, despite a 3% 24-hour price downturn having put a portion of traders in realized loss: https://t.co/yB9x9mG8qZ pic.output:risma
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