Cardano ($ADA ) just took a big hit. The price slipped 6.45% in the last 24 hours, dropping from $0.586 to $0.5464, as tensions flared in the Middle East, sparking a wave of market panic.
๐ The sharpest fall happened at 21:00 UTC, when ADA crashed 3.2% in just one hour โ with trading volumes exploding 37% above the monthly average.
But here's the twist... ๐
---
๐ Ford Just Jumped Into Cardanoโs World!
Yes, Ford Motor Company is now advising a legal-tech pilot built on Cardano's blockchain. ๐
In partnership with Iagon and Cloud Court, this project explores how to securely store legal data using blockchain, combining off-chain encryption with on-chain logging.
๐ก Use cases? Legal, healthcare, finance, and public administration. This is real-world utility, and itโs a big deal for long-term Cardano believers.
---
๐ Quick TA Snapshot
ADA dropped 7% in a $0.041 range
Resistance forming at $0.569
Support found at $0.545
A bullish micro-channel briefly appeared โ but couldnโt break above $0.558
---
๐ฐ The Bigger Picture
Despite the drop, whales are accumulating ADA. Over 310 million tokens added in June alone. And nearly $1B withdrawn from exchanges in 2024!
๐ Short-term pain, but long-term gain?
---
๐ What do YOU think? Is Fordโs entry a turning point for Cardano adoption?
๐ Share your thoughts below & donโt forget to โค๏ธ if you want more ADA updates!
---
By Crypto_-Nova โ๏ธ