Will Holder ADA Sell After Cardano’s Underperformance?

Jakarta, Pintu News – The cryptocurrency market is always full of uncertainty, and Cardano has recently experienced a significant price drop. With the price hovering around $0.65, the future of this altcoin looks bleak. Investor support is crucial at this point, and the decision of key ADA holders to sell or hold onto their assets could greatly affect Cardano’s price going forward.

Uncertainty Among Cardano Holders

The Chaikin Money Flow (CMF) indicator which is currently in the bearish zone, below the zero line, indicates that there is active outflow. This signals that investors are selling their ADA holdings.

This bearish reading on the CMF signals uncertainty about Cardano’s future prospects, with investors likely to reduce their exposure to the token. This skepticism among ADA holders will largely determine whether the Market Value to Realized Value (MVRV) shift will bring about a bullish or bearish scenario.

Also Read: Ripple (XRP) Shakes Dollar’s Dominance in Global Markets, Will XRP Price Rise in the Near Future?

Potential for Price Decline ADA

Currently, Cardano’s price is at $0.65, with the token hovering around the critical resistance level of $0.66. This level is crucial to push the price higher towards $0.70. However, mixed signals from the market and investor sentiment suggest that ADA may struggle to break this barrier.

If ADA fails to secure $0.66 as support, the price could fall to $0.60, which would extend the price decline. The Parabolic SAR indicator currently above the candlestick is signaling bearish momentum, suggesting that Cardano may not have the strength to break resistance, and a decline could occur if support is lost.

Long-term Implications for Cardano

With uncertain market conditions, the future of Cardano (ADA) depends on various factors, including the actions of key holders and overall market sentiment. If large investors decide to exit, this could trigger further selling which would worsen Cardano’s price condition. On the other hand, if there are positive changes in Cardano’s development or adoption, this could provide the boost needed to restore investor confidence and push the price back up.

Conclusion

In the world of cryptocurrency investment, it’s important to constantly monitor the market and do your research before making an investment decision. Although Cardano’s future currently seems uncertain, market dynamics can change quickly, providing new opportunities for vigilant investors.

Also Read: Big Companies Investing in Bitcoin, a Sign of Long-Term Adoption?

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• BeInCrypto. Cardano Holders to Sell After Weak Price. Accessed on June 9, 2025
• Featured Image: Bitcoinsensus