📉 ADA on the Edge? What’s Behind Cardano’s Price Drop – And What’s Next! 🔍
Cardano (ADA) has faced notable selling pressure, dipping nearly 12-15% to trade around the $0.59-$0.60 zone—marking a two-month low. 📊 Technical signals suggest bearish momentum, with ADA forming a descending pattern. If the $0.60 support fails, $0.57 or even $0.50 could be next.
On-chain data reveals a key factor: long-term holders are taking profits. The "Age Consumed" metric recently spiked, indicating a movement of older coins—a classic signal of reduced holder confidence.
However, if ADA rebounds from current levels, upside targets could reach $0.66 or higher. 🔁
Will this dip open new doors—or close them? Stay sharp. #ADA #CryptoUpdate #Binance
