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Cardano’s Long/Short Ratio Slips — Is a Drop Below $0.70 for ADA on the Horizon?
Cardano (ADA) is showing signs of weakness as its long/short ratio drops, signaling a surge in selling volume. This metric suggests that more traders are betting against the price rising. Additionally, declines in other on-chain metrics might push ADA price to the bottom. With this change, investors are now wondering if ADA could slip below the key $0.70 support level. Could a bigger price correction be coming soon?