Cardano Sees 8.87% Drop, Whales Watch For Potential Support

Cardano (ADA) prices have experienced a significant decline of 8.87% over the past 24 hours, reflecting market uncertainty and heightened volatility. The cryptocurrency now trades at $0.5590 after reaching a high of $0.6139 earlier today, according to CoinMarketCap data. Analysts suggest that ADA may soon consolidate its price, potentially stabilizing in the short term. While this consolidation might attract new buyers, recent market movements highlight the intensity of volatility for Cardano.