Cardano Plunges: Investors Seeking Alternative in Remittix, Aiming for $2 by 2026

Following a significant downturn, Cardano’s price has fallen to approximately $0.50. Recent sell-offs by large investors, known as whales, have exacerbated this bearish trend. The historical support level of $0.52 has been breached, and analysts predict the coin could tumble further to $0.49 or $0.45 if it fails to recover. Adding fuel to the fire, approximately $1.36 billion in crypto derivatives were liquidated across exchanges, highlighting market uncertainty. 20, 50, 100 and 200-day EMAs are below Cardano’s current price, indicating a dominant seller presence.