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Cardano Price Prediction: Can 2,100 Validators and $1M Outflows Push ADA Higher?

4d ago
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  • Cardano price today consolidates at $0.6819 inside a multi-month triangle, with resistance at $0.75–$0.80 and support at $0.65.
  • On-chain data shows $1.03M in ADA outflows on October 27, signaling a cautious accumulation phase.
  • Cardano ranks sixth in decentralization with 2,100 validators and a $14.7B stake, reinforcing its long-term resilience.

Cardano price today trades near $0.6819, holding its ground after rebounding from October lows around $0.65. The token continues to trade inside a tightening symmetrical triangle, with both bulls and bears awaiting a decisive breakout that could define its next major move into November.

Cardano Price Action Shows Tight Compression Ahead of Breakout

ADA Price Action (Source: TradingView)

The daily chart shows ADA price compressing within converging trendlines, with resistance forming around $0.80 and support near $0.6…

Read The Full Article Cardano Price Prediction: Can 2,100 Validators and $1M Outflows Push ADA Higher? On Coin Edition.

4d ago
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