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Cardano Faces 30% Correction Risk After Drop In Large Holders’ Netflow – Details

NewsBTC LogoNewsBTC15h ago

Cardano Faces 30% Correction Risk After Drop In Large Holders’ Netflow – Details - NewsBTC

Quick Summary:

Related Reading: Solana Bullish Pattern Signals Massive Gains Ahead – 2021 Rally Could Repeat Market participants are closely monitoring these developments, as the exit of large holders could signal a bearish sentiment that may lead to a significant price decline.

Related Reading: Dogecoin Could Break Yearly Highs Any Moment Now’ – Crypto Analyst Data from IntoTheBlock highlights a significant drop in whale activity over the past month, raising concerns about further downside pressure.

Key Levels To Watch  Cardano (ADA) is currently trading at $0.35 after experiencing days of choppy price action below the critical $0.36 resistance level.

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Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-12 @ 13:00:30 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 532 words

Reading Time: 3 minutes read

Sentences: 61 lines

Sentence Length: 9 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 23008851

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About NewsBTC

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 7 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 9 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

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The story "Cardano Faces 30% Correction Risk After Drop In Large Holders’ Netflow – Details" was covered 15 hours ago by NewsBTC, a news publisher based in United Kingdom.

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  • News ID: #23008851
  • URL: https://beamstart.com/news/cardano-faces-30-correction-risk-17287418183135

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