CandleFocus Cardano (ADA) Rally Cooling Off, Market Sentiment or What?
2025-02-11
Author: Content Editor
The native token of the Cardano blockchain, ADA, is attracting attention after an asset manager filed for a Cardano ETF in the US. This has led to increased interest among traders and investors, resulting in a surge in ADA's price. However, the token has experienced significant sell-offs, causing its price to fall. Despite this, ADA has reclaimed its uptrend and is currently trading near $0.77 with a 24-hour gain of over 11%. The token is facing resistance at $0.85 but could see a 32% increase to reach $1.13 if it breaks this level. Long-term holders are accumulating tokens while intraday traders are taking advantage of market sentiment.
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