Cardano Flashing Bullish Signals But Short-Term Selling Pressure Possible
- Cardano (ADA) flashing bullish signal according to Coin Bureau's Guy Turner, could increase over 70%
- ADA demand metric related to DeFi protocols also bullish
- However, large ADA holdings of entities behind Cardano may cause short-term sell pressure
- These entities appear to sell ADA for funding operational expenses
- ADA currently trading around $0.57, up 2% in last 24 hours