Cardano (ADA) Price Struggles Despite Rebound đšđšđš
Cardano's price has bounced back 40% from its recent low, but still lags behind its highest point this year. The cryptocurrency faces bearish sentiment due to:
- Waning interest among developers and investors
- Decline in DeFi applications and TVL
- Lack of major meme coin or decentralized exchange (DEX)
- Falling trader sentiment and daily volume
If Bitcoin continues its rally, ADA price may rise. Otherwise, Cardano's price may remain bearish.
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