Cardano price

Cardano Faces Pressure as MVRV Turns Negative and Longs Get Liquidated

Cardano Faces Pressure as MVRV Turns Negative and Longs Get Liquidated

Cardano (ADA) is navigating a challenging period as recent market data points to increased bearish sentiment and heightened volatility. After a 5,65% drop over the past two days, ADA found short-term support at $0,55, but the overall trend remains downward, with technical and on-chain signals suggesting further caution for investors.

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Cardano Faces Pressure as MVRV Turns Negative and Longs Get Liquidated

Cardano Faces Pressure as MVRV Turns Negative and Longs Get Liquidated

Cardano (ADA) is navigating a challenging period as recent market data points to increased bearish sentiment and heightened volatility. After a 5,65% drop over the past two days, ADA found short-term support at $0,55, but the overall trend remains downward, with technical and on-chain signals suggesting further caution for investors.

Read More »