Cardano (ADA), like many other cryptos, wasn't unaffected by the wider market's downturn. In fact, at the time of writing, ADA was trading...
, like many other cryptos, wasn’t unaffected by the wider market’s downturn. In fact, at the time of writing, ADA was trading within the margin of $0.3348, following a 1.8% decline in the last 24 hours.ADA’s attempts to surpass the $0.3449 resistance—previously a support floor before collapsing on 11 August —have been unsuccessful.
That’s not all though as AMBCrypto’s analysis of various on-chain metrics yielded some mixed signals. Which way will ADA go now?a significant decline. From a peak of 36,657 on 8 August, the count had sloped down to the 10,000-zone at press time.This fall in active addresses is a sign of dwindling retail participation, signaling growing bearish sentiment that could cause further more declines in ADA’s price.revealed that of the $649.
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