Cardano’s native token reached a five-month high near $0.28 in early October before declining below $0.22, posting a double-digit loss over the past week. Analysts remain divided: some anticipate a bounce following the return above the 200-day moving average, while others warn of a deeper correction. Whales sold over 110 million ADA in five days, and network activity dropped by more than 40%. Nevertheless, exchange outflows have exceeded inflows for several weeks as investors move coins to self-custody, reducing immediate selling pressure.
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