🔻 #Cardano Faces Bearish Outlook as Price Declines


Cardano $ADA struggles as bearish signals dominate:


*/ 📉 Technical Analysis: ADA breaks down from a head-and-shoulders pattern; a further 15% drop to $0.80 is likely.

*/ 📊 On-Chain Metrics: $200M outflows from exchanges suggest long-term holders are accumulating, signaling confidence.

*/ 🔎 Current Price: ADA trades at $0.89 (-5.5% in 24 hours) with trading volume down 45%.


Long-term accumulation could spark recovery, but $0.80 support is key. Traders should watch for shifts in sentiment!


#Altcoins


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December 22, 2024 at 5:35 AM
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