📉 Cardano (ADA) Price Plummets!
What's Really Going On?
💸 Treasury Proposal Sparks Concerns
Charles Hoskinson wants to use 140 million ADA (~US$100 million) to buy stablecoins & BTC.
🟥 The community is worried:
– Huge sell pressure
– Declining investor confidence
– Negative speculation in the market
🌍 Global Conflicts Pressure the Market
Israel–Iran tensions have caused investors to pull funds from risky assets.
📉 As a result:
– Crypto market sentiment weakens
– ADA gets caught up in the mass sell-off
📊 Important Levels to Watch
– Strong support: US$0.62
– Major resistance: US$0.65 – 0.68
⚠️ Breaking support could trigger a deeper decline!
🤔 Rebound or Further Decline?
Keep an eye on ADA's movement!
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