Cardano investors demonstrate optimism despite a recent price drop to $0.98. Bullish sentiment is evident as on-chain data reveals $100 million worth of ADA has been withdrawn from exchanges in the last two days. This significant withdrawal suggests strong holder conviction and reduced selling pressure.
Such withdrawals are often seen as a sign that investors anticipate price increases in the near future. With reduced ADA availability on exchanges, the likelihood of upward price movement could be enhanced.
