🔺The price of Cardano ($ADA

) has dropped by more than 4% in the last 24 hours after a controversial statement from Charles Hoskinson, the founder of the project. He suggested selling $100 million of $ADA to buy #Bitcoin and stablecoins, aiming to strengthen the network's DeFi system. The idea did not sit well with the community at all, fearing selling pressure on the price. $ADA is now looking to maintain critical support at $0.60. If we lose this level, the drop may deepen further. Meanwhile, technical indicators still show a bearish trend, with a weak relative strength index and stochastic indicator near the oversold level.

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