Category: ADA investors

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Cardano (ADA) Faces Risk Of 30% Drop – On-Chain Metrics Confirm A Slow Demand

October 2, 2024

Cardano has seen a strong 26% surge following the Federal Reserve’s interest rate cuts announcement two weeks ago, boosting optimism across the crypto market.  Analysts and investors are questioning the sustainability of the recent surge. Despite the initial rally, Cardano’s price failed to close above a key resistance level, signaling potential weakness in the uptrend.…
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Cardano (ADA) Whales Securing Gains After 10% Upswing: What’s Next?

September 14, 2024

Cardano has surged over 10%,  breaking a key resistance level, and is now testing higher prices. Despite the bullish momentum, on-chain data reveals that long-term holders are beginning to take profits. The ratio of daily on-chain transactions in profit to loss has turned positive, suggesting that many investors are capitalizing on recent gains. As the…
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