Cardano Price Prediction: ADA Weakens as Outflows and Deleveraging Persist
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- ADA faces steady selling pressure, holding below key resistance and Fibonacci levels.
- Short-term support at $0.283–$0.280 may hold, but trend remains fragile and bearish.
- Reduced open interest and outflows signal cautious sentiment and limited buyer conviction.
Cardano continues to face sustained selling pressure on the four-hour ADA/USD chart, according to recent market data from Kraken. The broader structure shows a persistent downtrend, marked by lower highs and lower lows.
Besides weak price action, technical indicators and flow data reinforce a cautious outlook. Traders appear reluctant to build aggressive positions, while sellers continue to defend key resistance zones. Consequently, ADA remains vulnerable to further downside unless buyers regain critical levels and improve momentum conditions.
Downtrend Structure Keeps Bears in Control
Price action …
Read The Full Article Cardano Price Prediction: ADA Weakens as Outflows and Deleveraging Persist On Coin Edition.
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Cardano Price Prediction: ADA Weakens as Outflows and Deleveraging Persist
Share:
- ADA faces steady selling pressure, holding below key resistance and Fibonacci levels.
- Short-term support at $0.283–$0.280 may hold, but trend remains fragile and bearish.
- Reduced open interest and outflows signal cautious sentiment and limited buyer conviction.
Cardano continues to face sustained selling pressure on the four-hour ADA/USD chart, according to recent market data from Kraken. The broader structure shows a persistent downtrend, marked by lower highs and lower lows.
Besides weak price action, technical indicators and flow data reinforce a cautious outlook. Traders appear reluctant to build aggressive positions, while sellers continue to defend key resistance zones. Consequently, ADA remains vulnerable to further downside unless buyers regain critical levels and improve momentum conditions.
Downtrend Structure Keeps Bears in Control
Price action …
Read The Full Article Cardano Price Prediction: ADA Weakens as Outflows and Deleveraging Persist On Coin Edition.
In This News
Share:
In This News
Share:
Read More
XRP Price Prediction: $280M Ripple Diamond Deal Fails To Stop Slide Toward $1.5