Cardano ADA Slides Below $0.50 Support, Raising Concerns for Future Performance

Cardano’s ADA price has dipped below the crucial $0.50 support level this week, sparking volatility and raising concerns about potential further declines. Significant selling pressure from whales, amounting to over 440 million ADA, coupled with a notable accumulation by other wallets, is contributing to this downward movement. This dip underscores potential shifts in demand zones for ADA, with the possibility of further price drops to around $0.25. ]