Cardano under pressure: Declining network activity adds to concerns about ADA selling pressure
- Cardano has fallen nearly 12% over the past week amid whale selling and declining network activity, with large holders recently selling more than 110 million ADA.
- Daily active addresses on the Cardano network have dropped by 41.36%, raising concerns about its price outlook, especially as it approaches the key support level of $0.24.
- Despite recent challenges, Cardano has set a new transaction record, and analysts remain optimistic about its growth potential, identifying $0.2887 as a key breakout level.
Source: CryptoPotato
🌍 Updated by GemCrypto
$BTC
#Bitcoin #Crypto
- Cardano has fallen nearly 12% over the past week amid whale selling and declining network activity, with large holders recently selling more than 110 million ADA.
- Daily active addresses on the Cardano network have dropped by 41.36%, raising concerns about its price outlook, especially as it approaches the key support level of $0.24.
- Despite recent challenges, Cardano has set a new transaction record, and analysts remain optimistic about its growth potential, identifying $0.2887 as a key breakout level.
Source: CryptoPotato
🌍 Updated by GemCrypto
$BTC
#Bitcoin #Crypto