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Cardano's TVL Sees 4.53% Increase in Last 24 Hours, Despite Drop in Active Users and Favorable Long/Short Ratio for Short-Term Traders: Traders Advised to Monitor TVL for Further Upswing in Bullish Momentum

Investors staking their ADA have led to a 4.53% increase in Cardano's Total Value Locked (TVL) in the last 24 hours. However, the current long/short ratio may favor short-term traders over long-term traders, which could be a cause for concern. While the number of ADA holders has increased, development activity has decreased. Despite this, ADA's price is currently trading positively and could potentially move towards the overbought zone. Traders should monitor ADA's TVL to assess any further bullish momentum over the next few days. The XML tag is related to ad placement on the website and is designed to trigger specific ads using the AdPushup platform when the page loads. It is likely part of the website's advertising strategy.

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