Cardano (ADA) has been experiencing price volatility and struggling to regain support at the $1.00 mark. Market cues are neutral to bearish, limiting upward momentum. However, long-term holders of ADA are providing critical support to prevent significant price declines. The declining participation among investors and lack of meaningful price growth has weakened bullish sentiment. ADAs MVRV Long/Short Difference indicates that long-term holders are in significant profit and are unlikely to sell during volatility, offering stability to ADA's price. The current price of Cardano is below $1.00, but if broader market conditions improve, it may reclaim support at $1.00 and potentially rally to $1.23, indicating renewed investor optimism.



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