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Cardano (ADA) Lacks Bullish Momentum, Trapped in $0.33-$0.37 Range
- Cardano (ADA) is lacking bullish momentum and is trapped in a range of $0.33-$0.37.
- The correlation between ADA and Bitcoin has dropped to 0.35, the lowest in over two and a half months.
- Potential targets for ADA are $0.40 if it breaches $0.37, or $0.31 if the $0.33 support fails.
- Cardano holders are currently experiencing unrealized losses, leading to a stagnant market environment.
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