Cardano’s price continues to fall despite important developments in its ecosystem. The net outflows of 182.1 million USD in June reflect the negative sentiment prevailing among traders.
As approximately 46% of ADA holders endure unrealized losses, confidence in the market diminishes. The failure of recent XRP and Coinbase news to boost ADA pricing further exacerbates this concern.
A triple bottom setup has emerged, suggesting a possible positive trend. If ADA surpasses 0.73 USD, there could be potential movement toward 1.44 USD, but stability at lower levels is critical to facilitating this recovery.
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