CandleFocus

Cardano’s Short-Term Holders Could Dump Nearly $2 Billion in ADA

Author: Content Editor
The price of Cardano (ADA) has struggled to recover and breach the $0.39 resistance level, increasing the likelihood of further declines. The Market Value to Realized Value (MVRV) Long/Short Difference indicator suggests that short-term investors are more likely to realize profits than long-term holders, which could lead to selling and further price drops. Short-term investors currently hold a significant amount of ADA, making the risk of a rapid sell-off higher. The altcoin is currently trading at $0.33, consolidating between $0.31 and $0.39, with limited upward movement expected in the short term. However, if short-term investors choose to hold and the resistance level is breached, a bullish outcome is still possible.

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