Cardano support
Cardano ($ADA) is currently testing the critical support level at $0.61 after experiencing a liquidity drain exceeding $2.3 billion over the past four days. This significant loss of liquidity has put pressure on Cardano bulls, raising concerns about the cryptocurrency’s stability. Technical indicators are now providing mixed signals, suggesting that a potential bounce could occur, yet a deeper correction remains a possibility. As market participants closely monitor these developments, the outcome will be crucial for the future trajectory of $ADA. The recent liquidity decline underscores the vulnerability of the market and the challenges faced by investors.
