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Cardano (ADA) Breaks Resistance: Will Bulls Drive Toward $1 or Risk Losing Support?

NewsBTC•Wednesday, September 17, 2025 at 11:00:37 PM
NeutralCryptocurrency
Cardano (ADA) Breaks Resistance: Will Bulls Drive Toward $1 or Risk Losing Support?
Cardano (ADA) is currently trading at $0.876, experiencing a significant daily volume of $1.28 billion. Despite this activity, the market is seeing a 7% decline over two days, with sellers dominating. On-chain data from Santiment indicates that the Network Realized Profit/Loss (NPL) metric has surged to its highest since July, suggesting that many investors are taking profits. While this profit-taking isn't necessarily a sign of weakness, it has limited ADA's potential recovery, raising questions about whether bulls can push the price toward $1 or if support will be lost.
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