Cardano’s price has risen by 12% over the past month. As the market cools down, ADA could experience a correction, potentially leading to a short-term dip in October.
This analysis looks into how the gradual resurgence in ADA selling activity could cause its price to drop by 29% over the next few weeks.
Cardano Holders Begin to Take Profits
Cardano’s Chaikin Money Flow (CMF) has trended downward over the past few days. The CMF tracks the movement of capital into and out of the market, and while it remains positive, its gradual decline could serve as a cautionary signal.
A positive but declining CMF suggests that, although buying pressure is still present, the intensity of that buying is weakening. This indicates that demand for the asset may be tapering off, with buyers showing less aggression. If the trend continues, it could signal a shift toward reduced market interest or increased selling pressure.
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