The price of Cardano (ADA) was under pressure, with a 4.5% drop in the last 24 hours and a 26% decline so far this year. Despite Bitcoin's rally, ADA has not managed to benefit significantly, suggesting that an increase in Bitcoin's price alone is not enough to drive a recovery in Cardano. 💰
Additionally, whale activity (large investors) showed caution, with a slight increase in ADA holdings, but without sustained accumulation indicating a clear bullish momentum. The price was in a range between $0.654 and $0.707, with technical indicators pointing to a bearish outlook in the short term. 🚀🤯