Data Shows That Only 35% of Cardano (ADA) Investors Have Made Profits

Cardano Holders Struggling with Unrealized Losses

Cardano (ADA) has seen impressive gains in the market, with over 25% monthly growth. However, more than half of ADA holders are still facing unrealized losses as the crypto asset struggles around $0.38.

Low Percentage of ADA Holders in Profit

According to data from IntoTheBlock, only 35.71% of ADA holders are currently in profit, which is significantly lower compared to other leading protocols.

Key Resistance at $0.38: IntoTheBlock’s insights highlight a critical resistance point at $0.38, where 7.19 billion ADA has been accumulated. Clearing this level could potentially increase holder profits by reducing resistance for the crypto asset.
Bearish Momentum and Low Trading Volumes: Cardano’s momentum has shifted to bearish, accompanied by low trading volumes.
Surge in Total Addresses, but Low Active Addresses: While the total number of addresses holding ADA has consistently increased to 4.4 million, active addresses have remained below $50k despite a slight spike.
Minimal Resistance Ahead for Cardano: Analysts suggest that Cardano faces minimal resistance in its current position within a vital demand range from $0.37 to $0.38. This zone is supported by data showing 166,470 wallets accumulating a significant amount of ADA (4.88 billion), instilling confidence among traders.

Hot Take: Cardano Struggles with Unrealized Losses and Key Resistance

Cardano’s recent bullish momentum has not translated into profits for many ADA holders, with over 50% still facing unrealized losses. Additionally, the crypto asset is currently struggling to break through a key resistance level at $0.38. Clearing this level could potentially boost holder profits by reducing resistance. However, Cardano’s momentum has turned bearish, and trading volumes remain low. Despite the surge in total addresses holding ADA, active addresses have not seen significant growth. Nevertheless, experts believe that Cardano faces minimal resistance ahead and is situated within a vital demand range, providing confidence to traders.