Foreign media: Cardano prices are back on the long-term downward trend line, and ADA has recently rebounded to around $ 0.18. The Santiago data show that the number of holders has continued to increase over the past few weeks, and that the market is concerned with the continuing warming of the rebound.
Holdings continue to rise
According to Santiago, the total number of Cardano holders has risen to 4.62 million. Since 23 June, approximately 14,783 wallets have been added. In the original version, this change suggests that more funds are re-entering ADA, rather than being driven by short-term transactions.
The price goes up to $ 0.18.
ADA had rebounded from the vicinity of 0.14 dollars and had recently returned to the top of 0.18. The article mentions that prices are close to a resistance zone of between US$ 0.22 and US$ 0.24 and that the area is also considered to be more mobile.
US$ 0.22 to US$ 0.24 is critical
It is stated that if ADA goes further through US$ 0.20, the short-line upturn will be more confirmed. On the contrary, if the purchase is not continued, the price may again be blocked near US$ 0.17.