Cardano's Resilience: Profitability Amid Market Turbulence 🚀

Despite ADA's ongoing price consolidation and a 15.39% drop in December, 61.63% of Cardano wallets remain profitable, according to data from IntoTheBlock. This showcases the resilience of long-term holders, even as the market tests psychological thresholds like the $1 mark.

Key Highlights:

ADA dropped to a one-month low of $0.7618 on Dec. 20 but slightly rebounded.

2.71M Cardano addresses are in profit, even below the $1 zone.

Wallets in losses stand at 1.51M, while 179,970 wallets are at breakeven.

Path to Recovery:

For ADA to regain momentum, it needs to:

1️⃣ Break the $0.9972 resistance from Dec. 21.

2️⃣ Conquer the 20-day moving average ceiling at $1.0321.

3️⃣ Overcome a significant supply wall at $0.9696–$1.09, where 243,900 addresses hold 3.77B ADA.

Analyst Outlook:

Market watchers, like Javon Marks, are optimistic, predicting a potential 180% surge to $2.77 if ADA breaks out of its current consolidation phase.

➡️ Your Take? Will ADA flip $1 into support or face further resistance? Share your thoughts!

#Cardano #MarketRebound #ADA #CryptoAnalysis #BinanceSquare