Cardano Faces Major Resistance: ADA at Risk of Potential Pullback

Quick Summary:

Cardano (ADA) finds itself at a critical juncture as it approaches a formidable resistance level, despite recent price appreciation.

This resistance stems from a substantial number of addresses holding ADA at unrealized losses, potentially poised to exit their positions.

Santiment data indicates that daily on-chain transactions in profit spiked to 4 billion ADA on October 14, representing approximately $1.44 billion in realized gains.

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Article Details

Author / Journalist: Vignesh k

Category: Crypto

Markets: United Arab Emirates

Topics: Cardano Investing News Editors News ADA

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-15 @ 17:38:24 (1 days ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 298 words

Reading Time: 2 minutes read

Sentences: 25 lines

Sentence Length: 12 words per sentence (average)

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

Copyright Owner: © TheNewsCrypto

News ID: 23079556

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Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 8 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 18 hours ago

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