On-Chain data shows that Cardano (Ada) investors, which open short positions, are three times stronger than those who hold long positions. According to experts, this tendency reveals a new fall scenario for the island…
On-Chain data revealed a decline scenario for Cardano (island)
Cardano may decrease to 15 %due to existing market conditions and decrease to $ 0.71. According to On-Chain analyzes, there was an exit of $ 30 million from the stock exchanges in the last 48 hours.
These developments show that the island tends to decline in the short term, but long -term investors see it as an accumulation opportunity.
Sales pressure on the island is increasing
According to On-Chain data provided by Coings, market participants open an aggressive short position on the island.
- There are $ 4.10 million open position in long positions at $ 0.85.
- In contrast, a short position of $ 16.77 million has been opened at $ 0.912 and $ 0.926.
These data show that sales pressure is much higher than the buyer power and support the decline scenario.
Long -term investors are looking for the opportunity
Although short -term investors tend to sell long -term investors, they tend to accumulate Ada. The $ 30 million island output from the stock exchanges points out that investors expect an increase in value in the future.
Experts consider this accumulation process as a long -term investment opportunity.
Cardano Technical Analysis: What are the critical levels?
According to technical analyzes, the island entered the downward trend and broke the rising trend line and took the downward movement.
Based on the latest price movements and technical indicators, the island is expected to fall to $ 0.71 with a depreciation of up to 15 %in the coming days.
However, the general pressure on the market may accelerate the fall trend of the island.
In summary, although the decline scenario for Cardano in the short term comes to the fore, long -term investors see this as an opportunity.
