Cardano (ADA) is experiencing a rather awkward moment-like a toddler with a lollipop and no self-control. Long-term holders (LTHs), whoâve been clinging to their ADA like itâs the last bag of chips at a party, are now officially in the red for the first time in three months. đ€Żđ
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 isnât just a slump-itâs a full-blown âOh no, not againâ 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 marketâs equivalent of kleptomaniacs), has plummeted. Suddenly, ADA is holding hands with its cost basis like an ex who wonât stop texting. đ€Ąđž
Short-term traders, meanwhile, are grinning like Cheshire cats, ready to pounce on cheaper ADA. But letâs 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 âalmost there, but not quite.â
The Relative Strength Index (RSI) isnât helping either. Itâs currently sulking below 50.0, which is crypto code for âthis is a dumpster fire and weâre all wearing party hats.â Bearish sentiment is so strong, even the bears are surprised theyâre winning. đ»đ„
If ADA canât 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, ADAâs future looks as bright as a sock puppetâs 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. đ§đ
Even if ADA avoids a full-blown breakdown, itâs likely to spend the next few weeks doing the crypto equivalent of a TikTok dance-going nowhere fast. Without a miracle, this altcoinâs best bet is to fake a breakthrough and hope nobody notices. đ
The only way out? A heroic breakout above $0.699. But letâs 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. đ±
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2025-10-29 12:42