Cardano's Next Steps: How Sellers and Holders Are Shaping ADA's Future

Cardano (ADA) faces bearish pressure, struggling at the $0.367 resistance level. Despite a descending triangle pattern and declining active addresses, long-term holders show confidence with net outflows from exchanges and rising DeFi participation, potentially signaling future price support.

Aug 16, 2024 - 15:36
Cardano's Next Steps: How Sellers and Holders Are Shaping ADA's Future
CardanoCardano (ADA) faces bearish pressure, struggling at the $0.367 resistance level. Despite a descending triangle pattern and declining active addresses, long-term holders show confidence with net outflows from exchanges and rising DeFi participation, potentially signaling future price support.

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