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Coinphoton_VN
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The price of Cardano (ADA) faces the risk of a deeper decline as bears intensify selling
The price of Cardano (ADA) has dropped over 6% at the beginning of this week, starting December in the red and facing the risk of recording the lowest daily closing price in 2025. In the derivatives market, short positions have surged, reflecting the pessimistic sentiment spreading among investors.
From a technical perspective, Cardano is at risk of continuing to decline as the Relative Strength Index (RSI) falls into oversold territory, while the MACD forms a potential bearish crossover, warning of further downturns.
From a technical perspective, Cardano is at risk of continuing to decline as the Relative Strength Index (RSI) falls into oversold territory, while the MACD forms a potential bearish crossover, warning of further downturns.
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