#CardanoDebate
Cardano (ADA) fell by more than 6% on Thursday but is still up about 40% over the past seven days. After rising to $1.15 following its listing in the strategic reserve of digital currencies in the United States, ADA has struggled to stay above $1 in recent days.
Some users are now questioning its listing in the reserve, raising concerns about its price. With the accumulation of whales slowing down and the difficulty in breaking the resistance at $1, ADA's next movement will depend on whether the bullish momentum can return or if selling pressure will push it down.
The ADX indicator for ADA shows that the bullish trend is still strong, but not as strong as before. Cardano has an ADX value of 32.5, down from 43.7 three days ago, following the price increase driven by ADA's listing in the strategic reserve of digital currencies in the United States.
Despite the decline in ADX, it remains above the threshold of 25, indicating that the ongoing bullish trend is still strong, although the momentum has weakened slightly.
