Cardano's recent price activity suggests a steady bullish momentum in its monthly charts. Despite the upward trend, a short-term bubble risk indicator has raised concerns among the trading community by hitting a '2', suggesting a potential price pullback is imminent.
This indicator serves as a warning for traders, urging caution in the face of a price surge. Historically, values surpassing '1.5' have often led to price corrections as market enthusiasm tends to outstrip fundamental valuations, making the current reading notably alarming.
Such signals imply a need for the community to prepare for possible volatility. Traders should consider this indicator's historical reliability when strategizing their positions moving forward. The balance between optimism in momentum and caution from risk indicators is crucial.
