Cardano on-chain metrics signal ADA holders should tread with caution

Date:

December 22, 2023

Cardano-based large wallet addresses are taking profits as ADA price climbs.
ADA traders realized profits on their transactions between December 4 and 22, according to on-chain data.
Cardano price increased nearly 74% in the past month.

Cardano on-chain metrics signal the likelihood of a correction in ADA price as the altcoin’s holders engage in profit-taking. The Ethereum-killer altcoin rallied nearly 74% in the past month, sustaining above $0.61 on Friday, but this rally shows some signs of exhaustion.

Also read: Bitcoin Spot ETF likely to be approved by the US SEC by January 10, BTC price sustains above $44,000

Cardano on-chain metrics hint at neutral to bearish outlook

According to on-chain data from crypto intelligence tracker Santiment, ADA holders are engaging in profit-taking. Starting…

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Cardano on-chain metrics signal ADA holders should tread with caution

Cardano on-chain metrics hint at neutral to bearish outlook

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Cardano on-chain metrics signal ADA holders should tread with caution

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