Cardano (ADA) Price Prediction: Profit supply increases by 2.34 billion ADA, long positions are expected to rise further.
Today (4) in the Asian afternoon session, the price of Cardano (ADA) has fallen to 0.5870 USD, delaying the breakout rebound of the downward channel. This week's overall rebound has increased the supply of Cardano's ADA tokens by 2.34 billion, which may increase buying pressure. The technical outlook indicates that due to the opposing market forces delaying the breakout signal, ADA is at a crossroads.