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Cardano (ADA) struggled to maintain their prices prices, and the recent price of the price reflecting the lack of growth in the middle of the bears market conditions.
As the market continues to face pressure, short-term holders (STHS) become increasingly likely to sell their views, not to hold a potential recovery.
Cardano investors close to selling
MVRV (market value for achievable value) The long / short difference for Cardano fell to -18%, marking five months low. This suggests that STHS are able to realize significant profits, the largest of the 20th. November.
This trend can be harmful to Cardan’s price because sths usually sell when they see profit, potentially triggered pressure down. As these holders are currently sitting in gains, their sales actions will probably worsen the liquid bear swing.
The situation worsens the current sense of markets. It could all could weaken the ability of cardano to maintain their support levels and add the volatility of the ad prices.
Cardano MVRV debt / short difference. Source: Santiment
Cardano’s expanding market momentum shows additional signs of weakness. The cash flow indicator (CMF), which monitors the flow of money in and from the cryptoturchinka, is constantly falling from November 2024.
It is currently stuck under the zero line, it suggests that the outflows dominate the inflow, signals the lack of confidence in the investor. CMF reflects cautious behavior from investors, because they are less inclined to enter the market with respect to current bears. The lack of trust on the market entails investors away from the cardan.
Cardano CMF. Source: TradingView
Price Ada can witness fall
Cardan’s price is currently 0.61 USD, just below critical resistance of $ 0.63. Despite recovery attempts, Altcoin faced almost a month-long drop, preventing any meaningful movement upwards. Without a change in market conditions, Cardano will fight for a refund of lost soil and break through the resistance of $ 0.63.
If the market conditions still worsen, the Cardan’s price could move further, potentially toward the support level of $ 0.57. This decline would expand the losses of investors and a difficult recovery. How the market feeling remains largely negatively, it seems unlikely that Cardano will break 0.63 dollars in a short time.
Cardano price analysis. Source: TradingView
However, if the broader market signs improve and return the confidence in the investor, Cardano could reverse their bear trend. Successful resistance overturning $ 0.63 in support would undo the current look for bears and potentially push the price to $ 0.70. Violation of this level would mark a significant shift in the swing.
