Cardano has seen a notable price increase in recent days, reflecting broader market improvements. The altcoin is currently trading at $0.79, marking a 17% gain over the past three days. 

Alongside favorable market conditions, bullish signals from the network itself indicate that Cardano’s price could be on the path to recovery of the 40% losses it sustained in March.

Are Cardano Investors Noting An Opportunity?

The MVRV Long/Short Difference for Cardano is currently sitting at -89%. This indicates that long-term holders (LTHs) are facing near-zero profits, with some even experiencing losses. On the other hand, short-term holders (STHs) of less than a month are seeing profits. 

This oscillating indicator reaches extreme negative values near the end of the bear cycle, as when STHs begin to sell, new investors typically step in to absorb the selling pressure.

This dynamic can help keep the price afloat and even push it higher, maintaining positive momentum. The shift could play a pivotal role in recovering from the recent losses.

Bullish technical indicators support Cardano’s macro momentum. The Moving Average Convergence Divergence (MACD) shows that bullish momentum is streng