As of Monday, Cardano's ADA price has dropped by 6%, trading below $0.58, continuing last week's 10% decline. The decrease in on-chain trading activity and an increase in short positions by traders indicate a worsening bearish sentiment in the market. Technical analysis shows a 6% decline in ADA price and an increase in short positions by traders. The outlook momentum indicator is signaling weakness, suggesting a possible further pullback.
Cardano的链上资产和衍生品显示出看跌倾向。 Santiment 的每日活跃地址指数（Daily Active Addresses index）用于追踪网络活动随时间的变化，其走势与悲观预期相符。该指标上升表明区块链使用量增加，而地址数量下降则表明对网络的需求降低。
以 Cardano 为例，其日活跃地址数已从 10 月 11 日的 32,115 个降至周一的 24,280 个，并且自 8 月以来持续下降。这一降幅表明市场对 ADA 区块链应用的需求正在减弱，这可能导致 Cardano 的价格进一步下跌。
