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I've been watching for days as other altcoins explode while Cardano stays asleep. It's hovering around $0.24 and can't break away, which is strange considering everything happening on the network. I’ve checked crypto prices in general and there's a lot of movement elsewhere, but ADA just isn't keeping up.
The curious thing is that Cardano has updates, real adoption, and governance improvements, but none of that is reflected in the crypto prices. The volume is decreasing, the money flow is negative, and every time it tries to go up, it hits a wall of sellers around $0.30. It’s stuck between $0.22 and $0.26, making lower highs each time.
I don’t know if it’s a lack of narrative or simply that the market is rotating capital elsewhere. Crypto prices are very trend-driven right now, and Cardano isn’t on the radar. If it manages to break above $0.26 with real volume, there could be a rebound, but so far it looks weak.