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Why Cardano is facing a 20% price drop, and what it means for ADA’s future

AMBCrypto LogoAMBCrypto15h ago

Why Cardano is facing a 20% price drop, and what it means for ADA’s future - AMBCrypto

Quick Summary:

Cardano could drop by 20% and reach the $0.52 level if it closes a daily candle below the $0.65 mark.

According to CoinMarketCap data, ADA’s trading volume during the same period has risen by 12%, indicating strong downside momentum for the asset.

Traders have been over-leveraged near the $0.65 lower side (support)and the $0.676 upper side (resistance), having built $5.56 million worth of long positions and $10.33 million worth of short positions at these levels.

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Why Cardano is facing a 20% price drop, and what it means for ADA’s future - AMBCrypto (Picture 1)Why Cardano is facing a 20% price drop, and what it means for ADA’s future - AMBCrypto (Picture 2)

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Article Details

Author / Journalist: Vivaan Acharya

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-06 @ 14:00:18 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 641 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 28440180

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About AMBCrypto

AMBCrypto Logo

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 20 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #103

Publisher Details

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The story "Why Cardano is facing a 20% price drop, and what it means for ADA’s future" was covered 15 hours ago by AMBCrypto, a news publisher based in United States.

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AMBCrypto is a fully independent (privately-owned) news outlet established in 2018 that covers mostly crypto news.

The outlet is headquartered in United States and publishes an average of 20 news stories per day.

It's most recent story was published 9 hours ago.

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  • URL: https://warm.beamstart.com/news/why-cardano-is-facing-a-17465410169986

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