Cardano's Rising Potential and Industry Impact

1 min read
Source: AMBCrypto
Cardano's Rising Potential and Industry Impact
Photo: AMBCrypto
TL;DR Summary

Cardano's ADA faces downward pressure as whale wallets control a significant portion of supply and are underwater, raising concerns about a potential breakdown below $0.60. The critical $1 resistance appears increasingly unlikely to be reclaimed soon, with technical and on-chain indicators suggesting a fragile market sentiment and possible capitulation.

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