ADA Runs Into a Massive $40M Sell-Wall — Here Is Why Cardano’s Price Is Struggling to Break $0.44

ADA has encountered a substantial sell-wall valued at $40 million, which has significantly hindered its ability to surpass the $0.44 price mark. This increase in selling pressure indicates that there are numerous sellers willing to offload their holdings at this price point, creating a barrier for buyers. As a result, Cardano’s price is facing challenges in gaining momentum and breaking through this resistance level, which could be attributed to various market factors, including investor sentiment, trading volume, and broader economic conditions affecting cryptocurrencies. Investors are closely monitoring this situation as it could determine the future trajectory of Cardano's value in the market. source: https://blocknews.com/ada-runs-into-a-massive-40m-sell-wall-here-is-why-cardanos-price-is-struggling-to-break-0-44/