Cardano (ADA) founder Charles Hoskinson has reacted to a bullish sentiment poll conducted by TheBlockchainMedia on X (formerly Twitter). The poll asked crypto users to vote for the asset they considered most bullish among four options: Cardano (ADA), XRP, Hedera (HBAR), and Algorand (ALGO).

As of Hoskinson’s comment, the poll had gathered 7,027 votes with 21 hours remaining. Cardano led by a wide margin, receiving 3,880 votes over 55% of total responses. XRP followed distantly with only 1,419 votes, representing just 20% support.

In his response, Hoskinson simply said “nice poll,” which many interpret as a proud nod to Cardano’s dominance. His brief remark could also serve to attract more attention and investor interest in the ADA ecosystem.

Community Confidence Grows Despite ADA’s Price Drop

Interestingly, the poll results show strong community confidence in Cardano, even though the coin has seen significant price losses recently. ADA dropped 12.6% over the past week and 17.93% in the last 30 days. Still, voters believe the coin has strong bullish potential.

Related article: Cardano’s Bearish Streak Hits 25 Days: Can ETF Optimism Reverse the Trend?

This optimism suggests that many expect a price rebound soon. Some ADA holders appear to be taking profits, as charts show increased sell-offs. But this may actually help the coin in the long run. Once the price bottoms out, it could pave the way for a solid recovery.

Technical Indicators Hint at Possible Rebound

As of press time, Cardano traded at $0.6004, down 1.96%. However, its trading volume surged 29.07% in 24 hours to $780.16 million, indicating high investor activity.

_{24 hour price chart CoinMarketCap}

Cardano’s Bollinger Bands suggest increased market volatility. If the current selling pressure eases, a reversal could be on the horizon. Combined with strong community sentiment, these factors may support a bullish turnaround. For now, all eyes remain on ADA as it leads the sentiment race and prepares for a potential bounce-back.