Cardano (ADA) is trading at 0.70 USD, experiencing significant downward pressure as active addresses hit a three-month low. Despite this, the Mean Coin Age is rising, suggesting long-term holders are maintaining their positions.
ADA must hold support at 0.70 USD to avoid a drop to 0.62 USD. A recovery is possible if it reclaims the 0.77 USD resistance, which could foster investor confidence and create a pathway for upward momentum.
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