Cardano (ADA) price dipped to $0.56 on Wednesday, offering sidelined buyers the opportunity to buy the token nearly 30% below its year-to-date peak of $0.8104.
Cardano holders realized $20.09 million in losses on Tuesday, on-chain data shows. ADA price fell to $0.58 for the first time since mid-February. Over 60% of Cardano holders are sitting on unrealized gains, profit-taking could push ADA price further down. Cardano price dipped to $0.56 on Wednesday, offering sidelined buyers the opportunity to buy the token nearly 30% below its year-to-date peak of $0.8104.
If ADA holders start taking profits, it could increase the selling pressure on Cardano and result in a sharper fall in ADA price. The $0.59 to $0.64 range is crucial to Cardano’s recovery as it represents the range in which 178,410 wallet addresses bought 2.23 billion ADA tokens. If ADA price closes below the $0.59 level on the daily time frame, another 178,410 wallet addresses will be underwater . Global In/Out of the Money.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ESPN ‘30 for 30′ on Dude Perfect to premiere at Dallas International Film festNorth Texas’ biggest YouTube stars will get their due at the Majestic Theatre on April 25.
Read more »
Cardano (ADA) Price Targets Multi-Month Highs Right Now, Here's WhyADA price pushed higher and higher by powerful combination of catalysts
Read more »
Cardano Blockchain Hits ATH in This Important Metric, Can The Price of ADA Keep Up?Crypto Blog
Read more »
Cardano Soars 94% in Volume as ADA Price Reaches Crucial PointCardano's trading volume skyrockets 94% amid pivotal moment for ADA's price trajectory
Read more »
ADA and Satoshi: Cardano Founder Reacts to Intriguing Correlation TweetSatoshi's earliest collaborator recently revealed 120 pages of email correspondences
Read more »
Key Cardano Priorities for March 2024 Co-Signed by ADA CreatorCardano's trajectory for March 2024 gains clarity as key priorities co-signed by creator Charles Hoskinson
Read more »