Cardano holders are panicking, selling pressure could be triggered

Cardano (ADA) investors as the token nears its one-year low of $0.29, following a 15% drop in the past month. On-chain data shows a sharp rise in holders facing losses, increasing the risk of selling pressure. With ADA currently trading around $0.33 and only 17% of investors in profit, further bearish momentum is expected, particularly with 18.53 million tokens recently unlocked. Broader market uncertainty, including U.S. election concerns, adds to the challenges. Show Less

https://crypto.news/cardano-holders-are-panicking-selling-pressure-could-be-triggered/
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