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Cardano Price Forecast: ADA dips below $0.37, hitting two-month low as bearish momentum builds
Cardano (ADA) price trades in the red, slipping below $0.37 on Thursday after correcting more than 7% so far this week. The ongoing pullback could deepen further as ADA’s social dominance declines and dormant wallet activity rises, suggesting bearish sentiment among traders. On the technical side, deteriorating momentum indicators suggest further downside. Santiment’s Social Dominance metric for Cardano supports a bearish outlook. The index measures the share of ADA-related discussions across the cryptocurrency media. It has consistently fallen since mid-November, reaching an annual low of 0.032% on Thursday. ... (full story)
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