Dogecoin and Cardano [ADA] They are bearish, but only one will see a bull run

• Cardano non-zero addresses rejected.
• Dogecoin non-zero addresses increased by more than 13%.

Recent data indicated that Dogecoin [DOGE] and Cardano [ADA] have experienced a slight change in the number of non-empty wallet addresses.

In addition to this metric moving differently for each asset, its prices and market sentiments have also shown different patterns recently.

Dogecoin and Cardano show different flat trends

An analysis of the total number of holders metric for Dogecoin recently indicated a relatively flat trend. However, examination of its trend over the past three months revealed growth of over 13%.

At the time of writing, the total number of holders was 6.62 million. Comparatively, this figure was approximately 6.58 million at the beginning of April, suggesting a slight increase during the month.

Unlike, Cardano’s total number of holders metric declined, although it also reflected a flat trend recently. However, unlike Dogecoin, no apparent slight increase was observed.

Although there has been an increase compared to the volume at the beginning of the month, the total number of non-zero addresses for Cardano has decreased by 0.1% over the last three months.

At the time of writing, the number of Cardano holders was around 4.7 million.

Dogecoin and Cardano in bearish trends, but…

A study of Dogecoin and Cardano price charts revealed drops in their values ​​in recent months.

However, Dogecoin (DOGE) has seen more positive price movements over the past three months than Cardano (ADA).

Analysis of DUX on a daily time frame indicated that over the past three months, its price has risen from the $0.08 price range to the $0.1 range.

The chart showed a peak in late March, where it briefly reached the $0.2 range before retreating to $0.1. At the time of writing, it was trading at around $0.14, with a marginal increase of less than 1%.

Despite this, DOGE remained in a bearish trend, with its Relative Strength Index (RSI) below 40.

On the other hand, ADA analysis showed a drop in its value compared to three months ago. About three months ago, ADA was trading around $0.5.

Although it briefly rose to the $0.7 range, it was unable to maintain this level and by the end of March, it had fallen back to the $0.6 range.

At the time of writing, ADA was trading at around $0.47, with a marginal increase of less than 1%. Like DOGE, ADA also remained in a downtrend, with its RSI below 40.

Cardano turns negative, Dogecoin stays positive

Analysis of the Cardano funding rate on glass coin revealed a recent move below zero after attempting to hold levels above for the past few days. At the time of writing, the funding rate was at -0.0010%.

This indicated that sellers are now dominating ADA trading, suggesting an anticipated price drop. Furthermore, it is notable that traders’ activities remained low despite the positive sentiment seen earlier.

Read Cardano [ADA] Price prediction 2024-25

On the contrary, Dogecoin has maintained positive sentiment, as indicated by its funding rate. At the time of writing, the DOGE funding rate was 0.011%, which means that buyers are prevailing in the market.

This suggested an expected increase in Dogecoin price.

This is an automatic translation of our English version.