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Cardano (ADA) Faces Risk Of 30% Drop – On-Chain Metrics Confirm A Slow Demand

  • Cardano (ADA) has seen a surge following the Federal Reserve's interest rate cuts announcement, but the sustainability of the rally is being questioned.
  • On-chain data reveals declining demand for ADA, raising doubts about the current uptrend.
  • Cardano faces a significant risk of a 30% drop to its yearly low of around $0.27.
  • Failure to break above current resistance levels could lead to further downside pressure.

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