The recent 15% rally of Cardano (ADA) may be short-lived as bearish signs emerge. Analysts are observing a decrease in holding time and a divergence in the Daily Active Addresses (DAA), which hint at a possible price retracement.
The observed trends suggest that investors might be preparing for a market correction after the recent price surge. Such indications are often considered by traders to anticipate and strategize around potential market conditions.
The situation highlights the dynamic nature of the cryptocurrency market, reminding investors of its volatility and the need for cautious analysis.
This article was originally seen on BeInCrypto Brasil.
