Cardano

Coin

<ul class="news-points"> 
 <li><strong>ADA faces a challenging road ahead, with only 35% of investors in profit despite a bullish market.</strong></li> 
 <li><strong>Cardano’s ADA struggles to breach the $0.38 resistance, a crucial level for its market performance.</strong></li> 
 <li><strong>ADA’s stochastic RSI suggests potential undervaluation, while Keltner Channel bands indicate a downtrend with consolidation.</strong></li> 
</ul> 
<p>Recent insights from blockchain analytics firm IntotheBlock have brought a concerning scenario for Cardano (ADA) enthusiasts to light. Despite a generally bullish market, only 35% of ADA investors are in the green. This percentage, notably lower compared to other top blockchain protocols, highlights the unique hurdles ADA stakeholders face.</p> 
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Despite recent market surges, Only 35% of <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ADA</a> holders are in profit, significantly lower than other top protocols. On-chain data reveals a key resistance at $0.38, with 7.19B <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ADA</a> acquired here. Clearing this level may reduce resistance, potentially boosting holder profits. <a href="https://t.co/I2IPBltUN6" target="_blank" rel="nofollow">pic.twitter.com/I2IPBltUN6</a></p>— IntoTheBlock (@intotheblock) <a href="https://twitter.com/intotheblock/status/1730171516560543987?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">November 30, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Moreover, IntotheBlock’s analysis points out a significant resistance level at $0.38 for ADA. Around 7.19 billion ADA tokens purchased at this price poi…</p>
<p>The post <a href="https://coinedition.com/cardano-ada-sees-only-35-of-investors-profiting-in-a-bullish-market/">Cardano (ADA) Sees Only 35% of Investors Profiting in a Bullish Market</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Cardano (ADA) Sees Only 35% of Investors Profiting in a Bullish Market

Coin Edition

Other articles published on Dec 1, 2023

Bitcoin Price Prediction as Whales Poised to Push Price Above $40,000 – Will They Succeed?

United Nations taps Algorand to develop blockchain training course for 22k employees

Circle emphasizes that Justin Sun is not sanctioned... yet | Protos

This NEW Project is About To Disrupt Crypto + Healthcare

Ripple Withdraws One Billion XRP From Its Stash as Community Awaits Ripple Case Settlement

FTX Receives Approval to Sell $873 Million in Trust Assets to Repay Creditors

Join our free newsletter for daily crypto updates!