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Cardano Long-Term Holders Exit Positions as Age Consumed Metric Hits Nine-Month High

  • Cardano's 'age consumed' metric reaches a nine-month high as long-term holders exit positions, causing selling pressure.
  • Exodus of patient investors raises concerns about ADA's price stability amid market weakness.
  • Increased movement of dormant tokens suggests long-term holders are selling rather than holding through the downturn.
  • Chaikin Money Flow Index below zero indicates weak investor inflows, hampering price recovery.
  • ADA trades at $0.61 above crucial $0.60 support, with a potential dip to $0.57.
  • Long-term holders' selling impacts price stability by removing buying support and increasing circulating supply.
  • Lack of fresh capital offsets selling pressure, making it challenging for Cardano to maintain or increase its price levels.
  • Continued decline could trigger more selling as stop-loss orders activate, potentially leading to a drop to $0.57.

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