📉 #Cardano Struggles Below $1


Cardano $ADA faces a bearish outlook as it consolidates around $0.92, with weak investor sentiment and declining whale activity.


💡 Key Highlights:

*/ Diminished Interest: Fewer daily active addresses and low trading volume signal reduced market engagement.

*/ Whale Activity Decline: High-value transactions hit a 6-week low, reflecting hesitation among large investors.


🔮 Price Scenarios:

*/ Bearish: ADA risks dropping below $0.87, potentially falling to $0.77.

*/ Bullish: A break above $1 could spark recovery, but only with significant buying pressure.


Is this a consolidation phase or the start of a deeper decline?


#Altcoin Season# #Altcoinseason

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December 25, 2024 at 11:07 AM
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