Cardano (ADA) is still under pressure. It is trading at $0.66 this Tuesday. It seems that holders are losing money. The negative NPL suggests so. Sentiment is a bit down.



The NPL of Santiment collapsed. It went from 23.13 million on Sunday to -26.56 million on Monday. Strong drop. Holders are selling at a loss. It doesn't look good.

This usually leads to capitulation in ADA. A quick drop and then a rise. But the data from CryptoQuant is not optimistic. The Taker's CVD for ADA is negative and growing. Bad sign.

Cardano surpassed $1 on August 14. It rose by 20% last week. Impressive. But on Monday it fell by almost 4%. If it continues like this, it could drop to $0.64.

The daily RSI is at 61. It dropped from overbought on Sunday. The bullish momentum is fading. The MACD shows this as well. The green bars are shrinking.

But who knows. If ADA recovers, it could return to $1. Cryptos are unpredictable. We need to pay attention to what happens with Cardano.
ADA-1.63%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)