Whales sold 30 million ADA last week, increasing market stress and indicating a potential price decrease for Cardano. Currently, ADA struggles to maintain its value, risking further declines if support levels fail.
ADA is encountering bearish momentum, especially as it approaches key support at 0.80 USD and crucial support at 0.70 USD. If these levels are breached, a further drop to 0.57 USD may follow, contingent on market sentiment and trading volume.
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