Recent price fluctuations in Cardano $0.81644 (ADA ($0.82)) have raised concerns among traders. Over the past 48 hours, the cryptocurrency market has experienced significant sell-offs, leading to a dramatic 25% decline in ADA’s value, bringing the price down to $0.79. This sharp decrease has also resulted in a 30% drop in trading volume. However, it seems that major players are seizing the opportunity to accumulate more ADA at these lower price points, indicating a potential rebound if key support levels are maintained.
Liquidations Surpass $40 Million in ADA Coin
The steep drop in ADA’s price has put traders in the futures market in a difficult position. According to data from on-chain analytics firm Coinglass, ADA investors lost a total of $43.9 million in the last 24 hours. Of this amount, $32.2 million came from long positions, while $11.71 mi…

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