Cardano Rebounds 17% Amid Weak Market Sentiment

Cardano's price has experienced a 17% rebound following a sharp 20% decline. According to NS3.AI, this recovery was supported by strong whale accumulation and significant exchange outflows during the downturn. Despite this, market sentiment remains weak, with a 90% drop in positive sentiment metrics, posing a risk to sustained recovery. Key technical levels between $0.22 and $0.26 will be crucial in determining if the rebound can hold, with a potential upside toward $0.30 if sentiment improves.