Cardano (ADA) is currently priced at 0.65 USD, facing critical resistance at 0.66 USD. Bearish signals such as the Chaikin Money Flow highlight skepticism among investors. A failure to breach this resistance may lead Ada’s price to decline toward 0.60 USD.
The decision of long-term ADA holders to sell could significantly impact prices. Breaking the 0.66 USD barrier may suggest potential rises to 0.70 USD and 0.74 USD, restoring investor confidence. Conversely, selling pressure could deepen the bearish trend.
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