Short positions against ADA experienced a notable increase. Will the price of ADA be impacted negatively by this as well?
has been one of the many coins that has not been performing as well in the last few weeks, compared to other tokens.
Over the past few weeks, there has been no sign of a reversal for ADA. The CMF indicator declined significantly as well. A falling CMF indicated that the money flowing into ADA had fallen. The Weighted Sentiment around ADA had also grown at press time, implying that the number of positive comments around ADA had outnumbered the negative ones.
The rising number of ADA holders suggested that there may be some retail interest in the ADA token, however, it hasn’t been significant enough to push the price of ADA upwards.
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