🚨 Cardano (ADA) Price Update – September 23, 2025 🚨
🔹 Current price: $0.82 after breaking the important support level at $0.87–$0.90.
🔹 Blockchain data indicates outflows worth $26.6 million, reflecting strong selling sentiment among traders.
🔹 Technical indicators:
RSI at 28 → oversold area.
MACD shows strong bearish momentum.
🔹 Nearby resistance levels: $0.86 and $0.88.
🔹 Critical support: $0.81, breaking it could open the way towards $0.78 and $0.75.
💡 Positive long-term news:
Charles Hoskinson announced Cardano's plan for unlimited expansion with Hydra and Midnight technologies and integrating DeFi with Bitcoin. This strengthens Cardano's fundamentals, but its impact on price needs time.
📈 Summary:
Defending the $0.81 support is important for nearby traders.
Any rebound above $0.87 could restore confidence and set the target at $0.92.
Breaking $0.81 → risk of price drop towards $0.78–$0.75.
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