The post Cardano Consolidates Near Key Support Level At $0.3 – Is A Breakdown Incoming For ADA Price? appeared first on Coinpedia Fintech News
A significant segment of the altcoin market is closely monitoring the recent price fluctuations of ADA as it remains within a consolidated range. Despite strong announcements regarding network upgrades, the ADA price has not matched investor sentiment since the start of 2023. It has now come under the spotlight after the SEC classified it as an unregistered security, forcing investors to distance themselves from the project. As ADA trades at a crucial support level of $0.3, it raises fears of a potential bearish turn in the upcoming hours.
Cardano’s TVL Continues To Rise Despite Declining Price
Cardano (ADA) has been making waves, not for its price action, but for a different metric altogether – its Total Value Locked (TVL). Despite a declining price trend, Cardano’s TVL has been on a steady upward trajectory, indicating a growing le
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