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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.