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Possible Bearish Outlook for Cardano as Whale Activity Declines and Price Approaches Critical Support Level Coinotag 3 weeks ago

Possible Bearish Outlook for Cardano as Whale Activity Declines and Price Approaches Critical Support Level 🐋

Cardano (ADA) is seeing a significant decrease in large transaction volumes, spotlighting a potential bearish scenario. This decline suggests a reduction in whale activity, which typically indicates lessened market engagement.

As the large transaction volume drops from $45.41 billion, concerns grow about Cardano’s ability to maintain its previous price levels.

The cryptocurrency's price is now approaching a critical support level, making it imperative for the market to closely monitor future movements to gauge stability.

Source: en.coinotag.com ↗

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