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Cardano (ADA) price has been trading in a range for the past few days, holding steady above $1. Despite avoiding a significant drop, there are signs of a decline in bullish sentiment in the altcoin.
Investor optimism, which was previously strong, has been dampened by ADA’s failed attempts to move higher. This change in sentiment has led to a lack of confidence in predicting the cryptocurrency’s near-term trajectory.

Investor optimism in Cardano has waned as the price struggles to break above $1. Bullish sentiment is declining, indicating uncertainty about ADA's short-term direction. Traders are cautious amid the lack of upward momentum.