The post Cardano Price Stuck Below $1: Bearish Trends Persist for ADA appeared on BitcoinEthereumNews.com.

ADA trades within $0.87–$1 amid fading investors interest. Cardano network sees declining active addresses and whale transactions. A drop below $0.87 could target $0.77, while $1.00 remains critical for recovery. Cardano (ADA) remains stuck in a bearish phase, trading within a narrow range of $0.87 to $1.00. Weak investor sentiment and declining market activity continue to weigh on its recovery prospects, keeping the price below the psychologically important $1 level. The altcoin’s struggles began after a sharp decline, and its inability to regain momentum has left investors cautious. Daily Active Addresses (DAA), which reflect blockchain activity, highlight diminishing buying pressure, further stalling ADA’s potential rebound. Declining Market Activity and Bearish Momentum Cardano’s DAA divergence is currently flashing bearish signals, with fewer participants interacting with its blockchain. This trend is coupled with a sharp decline in whale activity. Specifically, large Cardano transactions exceeding $100,000 have dropped to a six-week low of 5,560 over the last 24 hours, according to IntoTheBlock data. Such data suggests that significa… The post Cardano Price Stuck Below $1: Bearish Trends Persist for ADA appeared first on Coin Edition. Source: https://coinedition.com/cardano-price-stuck-below-1-bearish-trends-persist-for-ada/

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Filed under: News - @ December 25, 2024 12:27 pm