๐Ÿ“ˆ๐Ÿง  Cardano ($ADA ) finds strong support amid severe market fluctuations!

Amid rising political tensions between U.S. President Donald Trump and former government efficiency chief Elon Musk, the crypto market is experiencing a violent wave of volatility... and Cardano is no exception.

๐Ÿ”ป ADA decreased from $0.688 to $0.621, a decline of 10.29%, before rising again and forming an upward channel with current resistance at $0.644.

๐Ÿ“Š Technical analysis according to CoinDesk:

Strong support between $0.620 โ€“ $0.623

Bullish momentum indicators with decreased volatility

Currently trading at $0.66, down 1.8% over 24 hours

๐Ÿ”ฅ What else supports $ADA ?

Entry of asset management giant Franklin Templeton to operate a contract on the Cardano network

New partnership with Norwegian NBX to build Bitcoin-based DeFi

First successful transfer from Bitcoin to Cardano using Ordinalsโ€ฆ opening trading opportunities between chains worth $1.5 trillion

๐Ÿ“Œ In summary: Cardano is not just a network โ€“ but a promising institutional player in times of market volatility.

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#ada

#Market_Analysis

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