"Cardano (ADA) has been exhibiting a sideways trading pattern recently, as long-term holders of the cryptocurrency begin to sell their assets, possibly in response to market conditions or a desire to realize profits. At the same time, speculators are entering the market, taking advantage of the current price stagnation in hopes of capitalizing on potential future price movements. In this analysis, we will delve into the current market setup for ADA, exploring the factors driving these behaviors and what it could mean for traders in the near future."
source: https://blocknews.com/ada-trades-sideways-as-long-term-holders-sell-and-speculators-step-in-here-is-the-setup/