Cardano (ADA) is struggling to maintain its prices, and the recent price action reflects the lack of growth among bear market conditions.
Since the market continues to face pressure, short -term holders (SHS) are increasingly selling their positions, and not hold a potential rebound.
Cardano investors close to sale
MVRV (market value before the value of the cost) Long/short difference in the cardan fell to -18%, which notes the five -month minimum. This suggests that STHS can realize significant profits, which is the highest since November 2024.
This trend can cause damage to the price of Cardano because STHS is usually sold when they see profit, potentially reducing downward pressure. Since these holders are currently on success, their sales actions will probably aggravate a bearish impulse.
The situation is aggravated by the current mood of the market. This can even weaken the ability of Cardano to maintain its support levels and add ADA to the volatility.
A wider market pulse of Cardano shows additional signs of weakness. The CHAIKIN (CMF) cash flow indicator, which tracks the flow of money in cryptocurrency and beyond, was a steady decline since November 2024.
Currently stuck below the zero line, this suggests that the outfills dominate the flow, signaling the absence of investors’ confidence. CMF reflects the careful behavior of investors, since they are less likely to enter the market, given the conditions currently bearish. Lack of confidence in the market repels investors from Cardano.
Hell price can become a witness of decline
The price of Cardano is currently $ 0.61, just below the critical resistance in the amount of $ 0.63. Despite attempts to recover, Altcoin ran into an almost monthly decline, preventing any significant upward movement. Without changes in market conditions, the cardan will be struggled to try to return the lost position and break through the resistance of 0.63 dollars.
If the market conditions continue to deteriorate, the price of Cardano may fall further, potentially heading for the support level of $ 0.57. This decline will increase the loss of investors and further complicates recovery. Since market sentiments remain largely negative, it seems unlikely that Cardano will violate $ 0.63 in the short term.
However, if wider market clues improve and return to investors’ confidence, Cardano can change its bear trend. Successfully turn over the resistance in the amount of $ 0.63 in support, having admitted to the current bear perspective and potentially push the price of $ 0.70. Violation of this level would mean a significant shift in the pulse.
