Cardano’s Rally Creates Profit-Taking Pressure as 88% of Supply Turns Profitable

Currently, up to 32 billion ADA, equivalent to approximately 31 billion USD, are profitable, accounting for 88.40% of the circulating supply. This increase from just 40% at the beginning of November indicates a strong recovery.

ADA is trading around 0.98 USD, holding above the support level of 0.93 USD. If profit-taking pressure continues, ADA could drop to 0.79 USD. Conversely, if investors are patient, ADA could surpass 1 USD to reach 1.15 USD.

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