The post Cardano’s ADA Gears Up For A Big Move As Long-Term Holders Overtake STHs: What’s Next For ADA Price? appeared first on Coinpedia Fintech News
Cardano began November with slight bearish momentum, facing resistance challenges mainly from short-term holders. While these STHs struggle with uncertainty about ADA’s next direction, the network sees growing dominance from long-term holders, bringing confidence. Given this surge, there’s an increased possibility of a significant shift in ADA’s price by the weekend.
Long-Term Holders Surpass 2.7 Million
Following a robust 11% climb in October, Cardano traders are preparing for potential volatility this November. This altcoin, which recently hit its highest price since August, has gained attention to record further gains in Q4.
However, insights from Cardano’s historical trend suggest that ADA price is set to witness minor downward correction this month. Of the last five years, only one November, specifically three years prio
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