🚨 ADA falls to $0.85 – is Cardano facing a crash? 🚨
📉 The price of Cardano (ADA) has fallen to $0.85 after a failed breakout above the psychologically important $1 mark – the lowest level in weeks.
🔎 Facts:
- ADA lost over 8% in a single day
- The coin is currently the weakest top-100 cryptocurrency by market capitalization
- Macroeconomic uncertainties and strong competition (e.g., Solana) are increasing selling pressure
📊 Technical assessment:
- Important support is located between $0.80 and $0.85
- A break below $0.80 could push the price down to $0.60
- Positive impulses could come from ETF approvals or new Cardano features
📌 Background:
Cardano is one of the oldest projects in the crypto sector (listed since 2017) but has struggled to establish new use cases in recent years. Many investors are turning to younger projects with higher utility.
❓What do you think:
Is ADA still a long-term candidate – or is that it?
👇 Comment with your assessment!
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