Cardano (ADA) is facing the risk of falling below the $1 mark after a period of volatile price action. On-chain analysis suggests that ADA's price could experience a downturn due to a decline in the netflow of large holders, indicating intense selling pressure. The number of ADA holders has also decreased, suggesting a potential decrease in value. The price has dropped below the 20 and 50 Exponential Moving Averages (EMA), indicating a potential drop below the $1.05 support level. However, if the price rises above the EMAs, the prediction will be invalidated and ADA could climb higher.



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