Update
Cardano Network Activity Declines
Cardano has lost nearly 12% in the past week due to whale selling and declining network activity, with large holders selling over 110 million ADA recently. Daily active addresses on the Cardano network have decreased by 41.36%, raising concerns about its price outlook, particularly as it approaches a critical support level of $0.24. Despite recent challenges, Cardano set a new transaction record, and analysts remain optimistic about its potential for growth, with a key breakout level identified at $0.2887.