Cardano is back to $0.60, but there is a nuance.

📌 Cardano is back to $0.60, but there is a nuance.

The funny thing is that ADA holders are still waiting and are not eager to actively build up positions. Trading volume remains in negative territory at $964.87 million, a 29.36% drop. . Ada

-The funny thing is that ADA holders are still waiting and are not eager to actively build up positions. Trading volume remains in negative territory at $964.87 million, a 29.36% drop.

evertheless, an influx of buyers is needed to overcome the $0.6 mark. If ADA investors become interested again and start taking long positions, it could help the asset to get closer to the psychologically important $1 level.

Otherwise, in the absence of buying pressure, the ADA price may reverse and head towards the support around $0.57.

Broader market trends could also hinder ADA growth. The recent uncertainty caused by trade duties, which has affected most crypto assets, is a significant factor to watch closely.

ADA investors are likely analyzing the situation to see how sustainable growth will be after the announcement of the 90-day delay in trade tariffs.

As long as ADA continues to hold above $0.60 or stabilize at this level, sentiment may take a turn for the better. Given the community’s expectation of higher prices, only buying can provide the necessary support.