Cardano falls below $ 0.70, since accidents on the crypto -market
Crypto -market continues its The descending spiralWith Cardano (ADA) Suburbating below $ 0.70The field is currently trading in $ 0.66Ada lost 10% over the past 24 hoursAfter a wider market sales. If this trend continues, analysts warn that Cardano may fall before $ 0.40 In the coming days.
ADA/USDT 1 -day diagram – Bitget
Why is Cardano chopping?
Several basic factors contributed to a sharp decrease in the price of ADA:
SEC ETF delays – Investors remain careful, since the American SEC has not yet approved the key crypto -etf. The uncertainty is to restrain the purchase, contributing to the weakness of the market.
Profit from the previous bull market – traders sell assets Safe profitIncreasing the pressure on the sale of the main altcoins, such as Cardano.
Bybit Hack Shakes Market Confidence – A 1.4 billion dollars Hack on Bybit made investors, which led to a panic around the market. Safety fears often make traders Weekend positions To minimize risks.
Cardano Price Forecast: How low can ADA go?
If the sales pressure continues, Ada May go down to key support levels:
- $ 0.56 – the first major support; A break below can cause deeper losses.
- $ 0.48 – a critical level that can see increased sales pressure.
- $ 0.40 -What scenario, if market moods continue to decline.
The future cardano remains uncertain as macroeconomic factors and Normative problems Weigh the entire crypto -market. If Bitcoin and Ethereum continue to fall, hell can see Even more disadvantages In the coming days.
