Cardano (ADA) is experiencing a rather awkward moment-like a toddler with a lollipop and no self-control. Long-term holders (LTHs), whoāve been clinging to their ADA like itās the last bag of chips at a party, are now officially in the red for the first time in three months. š¤Æš
The price has done the equivalent of a graceful pirouette backward, erasing earlier gains and leaving investors wondering if their coffee was spiked with bearish vibes. This isnāt just a slump-itās a full-blown āOh no, not againā moment. If selling pressure ramps up, ADA might need a therapist and a new nickname.
Cardano Holders Are Losing Strength (And Their Cool)
According to the MVRV Long/Short Difference, LTHs are now as profitable as a broken ATM. This metric, which compares the average joy of long-term holders to short-term traders (who are basically the marketās equivalent of kleptomaniacs), has plummeted. Suddenly, ADA is holding hands with its cost basis like an ex who wonāt stop texting. š¤”šø
Short-term traders, meanwhile, are grinning like Cheshire cats, ready to pounce on cheaper ADA. But letās be honest-these STHs are the type who sell their stocks the second they see a green light. If they panic at the first hint of upward movement, ADA might end up stuck in a loop of āalmost there, but not quite.ā
The Relative Strength Index (RSI) isnāt helping either. Itās currently sulking below 50.0, which is crypto code for āthis is a dumpster fire and weāre all wearing party hats.ā Bearish sentiment is so strong, even the bears are surprised theyāre winning. š»š„
If ADA canāt muster enough buying pressure to counter its freefall, it might need to start a GoFundMe for dignity. Prolonged RSI gloom usually means either a long nap or a deeper dive into the abyss. Either way, ADAās future looks as bright as a sock puppetās career ambitions.
ADA Price Might Have To Wait A Little (Or Forever)
Right now, ADA is trading at $0.645, teetering above a support level like a tightrope walker with vertigo. The resistance levels at $0.667 and $0.699 are currently playing the role of overprotective parents, refusing to let ADA take even a tiny step upward. š§š
Even if ADA avoids a full-blown breakdown, itās likely to spend the next few weeks doing the crypto equivalent of a TikTok dance-going nowhere fast. Without a miracle, this altcoinās best bet is to fake a breakthrough and hope nobody notices. š
The only way out? A heroic breakout above $0.699. But letās not get ahead of ourselves-ADA would need a team of motivational speakers, a viral hashtag, and a miracle. Until then, investors are advised to cross their fingers, hope for a rebound, and maybe invest in a hobby. š±
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2025-10-29 12:42