The Cardano (ADA) price initially saw a surge in active addresses and briefly touched $0.35 after the successful completion of the Chang hard fork. However, active addresses have since dropped, indicating a decline in user interest and engagement. The liquidation heatmap suggests that there is high liquidity at $0.33, $0.34, and $0.35, with the $0.33 region having the highest liquidity. The bearish divergence with the MACD indicator on the daily chart indicates a potential price reversal and a drop to $0.30. However, if momentum becomes extremely bullish, Cardano could climb to $0.39.
- Content Editor ( beincrypto.com )
- 2024-09-09
3 Obstacles That Could Prevent Cardano (ADA) Price from Hitting $0.40