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Cardano Faces Major Resistance: ADA at Risk of Potential Pullback

  • ADA faces significant resistance at $0.39 with 2 billion tokens held by 161,740 addresses.
  • Recent surge in profit-taking, with 4 billion ADA transacted on October 14.
  • Head and shoulders pattern suggests potential pullback to $0.31, unless buying pressure increases.
  • Cardano finds itself at a critical juncture with a formidable resistance level, possible sell wall from holders at unrealized losses.

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