Cardano Faces Heavy Selling Pressure Near $0.40 – Here Is Why ADA Bulls Are Struggling

Cardano is currently experiencing significant selling pressure as its price hovers around the $0.40 mark. This situation has led to challenges for ADA bulls, who are finding it difficult to maintain momentum and push the price higher. Several factors contribute to this struggle, including market sentiment, increasing competition from other cryptocurrencies, and potential regulatory concerns that may be affecting investor confidence. As a result, the pressure to sell has intensified, making it hard for Cardano to gain traction and attract new buyers amidst this challenging environment. source: https://blocknews.com/cardano-faces-heavy-selling-pressure-near-0-40-here-is-why-ada-bulls-are-struggling/