Cardano at Risk – Will $ADA Drop Below $0.40?
Cardano is on the verge of breaking below its 200DMA, signalling potential downside ahead. The price hovers at $0.63, with strong resistance at $0.66, and a critical support test near $0.55. ADA has struggled amid economic uncertainty, trade war fears, and Bitcoin’s correction. Liquidity conditions suggest a crypto market rebound is possible, but ADA remains in a downtrend until proven otherwise. If ADA fails to hold support, a drop to the $0.40s is likely, but long-term fundamentals remain strong. With SEC regulatory clarity, potential ETF inclusion, and major blockchain adoption rumors, Cardano is positioned for future growth. This dip could be a golden buying opportunity before ADA’s next big rally.