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Cardano ADA falls 68.21 percent as bearish trend continues, Ivan Liljeqvist notes

Cardano ADA falls 68.21 percent as bearish trend continues, Ivan Liljeqvist notes
Cardano ADA declines after bearish shift

Ivan Liljeqvist highlights the significant decline of Cardano ADA, which has fallen 68.21 percent since it turned bearish on the daily charts.

He criticizes common narratives around community support, technological advantages, and research, arguing these factors did not prevent the asset's decline. Liljeqvist urges investors to avoid holding assets in a bear trend and emphasizes the importance of protecting their capital.

Liljeqvist has previously discussed prolonged downtrends in major cryptocurrencies. He noted that Ethereum consolidated for five years despite periods of negative sentiment. In a separate update, he highlighted that Bitcoin remained below $80,000 and faced a weekly bear trend.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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