Cardano Longs Take 99% of Liquidation Hit as ADA Nears $0.1705
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Cardano (ADA) is facing resistance around $0.18, while Bitcoin ETFs saw outflows of $1.28 billion last week. The $0.1770 support level and Tuesday's CPI data will determine the short-term direction.
ADA quotes in USD $0,1749566, with a daily variation reported of -2,65%, below its mobile averages and with RSI in the oversale zone. The technical picture is weak, although there is no confirmed catalyst for the movement of the session. Immediate support and volume below its average of 30 days advise caution.
Cardano whales dump 50 million tokens amid bearish sentiment
Key takeaways Cardano (ADA) trades below $0.175 on Monday after declining more than 9% last week. Large Cardano whales holding between 10 million and 100 million ADA have offloaded approximately 50 million tokens since November 4, signaling weakening confidence. ADA risks extending its decline toward $0.156 as bearish technical indicators persist, while immediate resistance stands […]
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