Cardano Price Drops Below $0.42 Amidst Market Weakness

Cardano ($ADA) price has fallen to around $0.42 as heavy selling pressure continues, with the cryptocurrency’s next key support level at $0.30 according to analysts. The recent drop comes after weeks of volatility and bearish sentiment, despite some brief surges in July and August. The market weakness has been highlighted by a significant whale loss on-chain, showcasing the vulnerabilities within low-liquidity Cardano pools.