The native token of the Cardano blockchain, ADA, is predicted to experience a significant price decline. Technical analysis suggests that if ADA closes at a daily candle below $0.90, it could decrease by 15% and reach $0.70 in the future. Short-sellers are currently dominant in the market, with the $0.95 level acting as strong resistance. They hold $9.65 million worth of short positions, while bulls hold $6.30 million worth of long positions at the $0.88 level. Traders' interest, technical analysis, and price action suggest that ADA could decline to $0.70 in the coming days.



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