Cardano price constricts near support, increasing chances of a new yearly low

  • Cardano price maintains support near $0.78 for ten straight days. 
  • ADA remains near a one-year low despite massive whale accumulation. 
  • Downside risks to the $0.35 value area remain high, but signs of a bullish reversal continue to develop. 

Cardano price continues to display substantial weakness and a lack of participation. Moreover, contrary to major wallet holders tripling their holdings, volume from retail traders is at historical lows, with some exchanges recording all-time low volume. 

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