Cardano ($ADA ) Price Forecast – What's Happening?
#Cardano (ADA) is trading around $0.54 today after falling about 15% last week. The drop came as Middle East tensions rose, especially after the U.S. attack on Iran. This led to a sharp sell-off, with nearly $17 million in long positions (bets on the price going up) being liquidated.
On-chain data also shows more people are taking profits, and some old, inactive wallets are starting to move coins—usually a sign that more selling pressure is coming.
However, at the time of writing, ADA is showing a strong pullback from the $0.50 support level, which could mean buyers are stepping in and trying to stop the fall.
