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🚀 #Cardano 's Comeback: Can ADA Reclaim $1.00?

Cardano $ADA has dropped below the critical $1 mark, trading at $0.89. While investor activity is declining, Long-Term Holders (LTHs) remain optimistic.

📊 Key Insights:

*/ Liquidity Challenges: Reduced active addresses signal hesitancy, making recovery harder.

*/ LTH Support: MVRV Long/Short Difference at 41% highlights LTH profitability, offering stability.

🟢 Bullish Case: Hold above $0.87 and reclaim $1.00, targeting $1.23 next.

🔴 Bearish Risk: Drop below $0.87 could send ADA to $0.77 or lower.

ADA's recovery depends on maintaining support and regaining momentum!

#Altcoin Season# #Altcoins

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