<ul><li>Cardano's price rebounded from a low of $0.64 on May 6 and surged to around $0.72 by May 8.</li><li>A custom risk model shows Cardano at a 'Moderate Buy' level of 37, signaling a potential entry point.</li><li>On-chain metrics indicate a 11.99% increase in active addresses, reflecting growing network activity for Cardano.</li><li>While short-term gains hint at positive momentum, the risk model suggests that Cardano's true bull market cycle may still be in its early stages.</li></ul>

Cardano Risk Model Suggests ADA Bull Market Has Not Yet Started Despite Recent Uptick

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