Here’s the Next ADA Price Trend
After Bitcoin below $ 100,000, the Altcoin market crashed. This happened when Trump filed new tariffs, including 25 % tax imported from Canada and Mexico, and 10 % of Chinese product taxes. This caused the threat of retaliation of these countries and destroyed the global market. As Cardano now sees the decline of its DEFI activity, negative pressure increases. This can keep the price of ADA within a limited range.
Caldano’s total value lock drop
In the past week, the price of Caldano has fallen 15 % because the cryptocurrency market has faced difficult conditions. According to Coinglass, Cardano’s total liquidation exceeds 33 million US dollars, of which about 27.7 million US dollars have closed their long positions from investors in the past 24 hours.
The recent market crash has plummeted Cardano’s FEFI event. Defillama reports that the total value lock (TVL) in Cardano Network has dropped from a high of $ 593 million earlier this year to $ 355 million. This means that the assets of the network have lost approximately $ 238 million.
This decline is due to the continued decline in Cardano’s price. The value also decreased from the ADA token, and the peak of 585 million this year dropped to 445 million.
The decline in this kind of activity may promote Cardano’s trend. However, traders need to pay attention to the improvement of DEFI activities because this may be in line with the rally.
Please read another: Cardano price forecast 2025, 2016-2030: Will the price of ADA reach $ 2?
The launch of Plomin Hard fork launched last week made Cardano supporters excited about its potential impact on ADA accumulation and price trends. In addition, the activities of large ADA holders are very important because their large purchase can enhance market emotions.
Similarly, the correlation between ADA and Bitcoin may have a positive impact on ADA for a long time in the medium period to long -term. After Bitcoin has recently sold at $ 100,000 after selling, he hopes that Cardano can do the same thing as soon as possible.
Will Ada Price flash the opportunity to “buy dipping sauce”?
In the past few weeks, the ADA price has finally declined after its strong rise, and investors are preparing to jump in. With the decline of ADA in the price table, the whale discovered that this is an opportunity to accumulate more opportunities. The daily price list shows that ADA Price has witnessed the rising correction after falling to a low of 0.5 US dollars. As of writing, the transaction price of Ada Price was $ 0.79, a decrease of 0.8 % in the past 24 hours.
Buyers try to keep the price at a level of $ 0.80, but the seller may reduce the price, resulting in ADA/USDT re -testing $ 0.50. The price of ADA is expected to face a strong resistance at about $ 0.8. If it exceeds, we may see that its price returns more than $ 1.
If the price drops from $ 0.8 again, it may drop to about $ 0.50, and may fluctuate between these two levels.
