On December 31, the price of Cardano (ADA) native token is likely to continue to decline due to market uncertainty, bearish patterns, and negative sentiment.

Technically, there is a bearish tendency, and if it falls below the critical level and closes under $0.825, it may drop to $0.75.

Although the outlook is not optimistic, long-term holders remain interested. ADA has seen an outflow of $37.92 million, and traders are cautious, leading to a liquidation of long positions, with open interest decreasing by 3.9%.

The current price is nearly $0.8456, down 3.15%, with trading volume increasing by 15%, indicating a change in trading activity.

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