The Cardano price has rebounded to a three-month high after Ripple’s victory against the SEC. However, a sell-off by long-term holders and a decrease in trading activity among ADA whale investors pose challenges for the price rebound. The drop in whale transactions could lead to a decrease in liquidity and bearish sentiment among retail investors. If bearish momentum builds up, Cardano may drop towards $0.28. On the other hand, if the price rebounds above $0.35, the bulls could regain control. The article emphasizes that it is for informational purposes only and not financial advice.
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