Cardano

Solana

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<ul> 
 <li>Cardano’s ADA token faces selling pressure as key on-chain metrics decline.</li> 
 <li>Technical analysis reveals a bearish pattern, with resistance levels hindering recovery attempts.</li> 
 <li>Price action suggests that further declines may be in store for Cardano in the near term.</li> 
</ul> 
<p><strong>Cardano (ADA) is struggling to regain momentum. Discover why on-chain data, technical patterns, and recent market moves point towards continued downward pressure.</strong></p> 
<h2 id="strong-cardano-s-on-chain-metrics-signal-price-weakness-strong"><strong>Cardano’s On-Chain Metrics Signal Price Weakness</strong></h2> 
<p>Several key on-chain metrics suggest underlying weakness for Cardano. Declining trading volume, fewer core developers on GitHub, and a drop in Total Value Locked (TVL) all paint a potentially bearish picture.</p> 
<h3 id="strong-technical-picture-reinforces-bearish-outlook-strong"><strong>Technical Picture Reinforces Bearish Outlook</strong></h3> 
<p>Technical indicators align with the negative on-chain data. ADA is stuck in a descending channel, and the Relative Strength Index (RSI) suggests room for further downside. Recent resistance rejections add to the bearish sentiment.</p> 
<h3 id="strong-ada-price-faces-uphill-battle-strong"><strong>ADA Price Faces Uphill Battle</strong></h3> 
<p>Recent price action confirms the challenging environment for Cardano bulls. IntoTheBlock’s IOMAP model highlights a significant resistance zone near $0.61, which could limit any bullish attempts.</p>
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<h3 id="strong-conclusion-strong"><strong>Conclusion</strong></h3> 
<p>Cardano is facing a confluence of negative factors. On-chain weakness and bearish technicals suggest a higher likelihood of continued downward price movement. Investors should be cautious and monitor key resistance levels for any potential trend shifts.</p>
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Cardano (ADA) Price Slumps: On-Chain Weakness, Technicals Signal Further Downside Risk

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