Cardano on the pair $ADA / USDT demonstrates increased volatility: in recent days, the price dropped from $0.7258 to $0.6231, after which there was a slight rebound to $0.6421. Strong pressure on the market was exerted by large holders (“whales”) who sold more than 270 million ADA over the week, coinciding with a price drop of 14%. Currently, ADA is trading near key support at $0.61–0.62 — this level has already held back further declines several times. If the support is broken, a pullback to $0.5579 is possible. At the same time, technical indicators (RSI, moving averages) indicate a predominance of bearish sentiment. Trading volumes remain low, making market entry risky for both longs and shorts. An interesting piece of news is the increased likelihood of approval for a spot ETF on Cardano to 75%, which could be a driver for recovering demand.
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