🔎Latest updates on $ADA

💹 A look at the 24-hour chart shows $ADA with a significant drop of -5.09%, as the token continues to face selling pressure amidst broader market profit-taking and ongoing ETF uncertainty.

🛡️ According to LBank, the most critical event for Cardano is the SEC's final decision deadline on October 26th for the Grayscale spot ADA ETF. While a potential approval is seen as "transformative," the wait is creating short-term uncertainty and allowing sellers to take control.

📈 Technical analysis from Bitget shows that ADA is struggling to find support after its recent rally. The failure to generate enough momentum to challenge the $1.00 resistance level has led to a breakdown, and the price is now retesting its previous support zones.

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⚠️ Remember that every investment decision is personal, and this content does not constitute financial advice.
#BearishAlert #Layer1 #ADA #Write2Earn