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Cardano’s recent moves: A ‘pump and dump’ or a setup for a bigger rally?

Cardano (ADA) experienced a significant price fluctuation, peaking at 1.19 USD and dropping to 0.73 USD. This volatility was driven by speculative trading and liquidation pressures, influenced by political announcements from Trump’s government. The market dynamics were crucial, with liquidation clusters forming around critical price points.

Recent metrics suggest ADA’s active addresses are vital indicators of potential market recovery. The Crypto Fear & Greed Index signaled extreme fear at 25.00, indicating caution among traders. If the RSI climbs above 50, ADA might rebound towards 1.10 USD; however, deeper liquidations could occur if fear escalates.

This is community-generated content, not advice from ONUS.
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