Cardano Faces Bearish Pressure Amidst Price Volatility

Cardano’s cryptocurrency price is currently experiencing downward pressure, leading to a shift in retail sentiment from bullish to bearish. Despite the price remaining between $0.80 and $0.83, on-chain outflows are contributing to a cautious market outlook. This bearish trend coincides with challenges faced by Cardano as it continues to implement its protocol upgrades, aiming for long-term growth despite short-term price fluctuations.