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Cardano Eyes $0.30 as Key Support Amid Market Drop

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Cardano $ADA nears $0.42, with analyst Ali noting $0.30 as the next support, showing continued market weakness.

A dormant whale lost $6M swapping 14.4M ADA to USDA, revealing risks in low-liquidity Cardano pools.

ADA repeatedly failed to break $1.00 resistance, highlighting volatility and bearish sentiment across 2025 trading.

Cardano ($ADA) prices have fallen to levels not seen this year due to severe selling pressure. Analyst Ali on X suggests that $0.30 can serve as the next possible support level. In the weeks that followed, the cryptocurrency dropped to roughly $0.54 from its starting price of $1.00. After a little increase to $0.70 by late April, Cardano was unable to sustain its momentum and dropped to $0.50 in June.

When Cardano surged in July, it surpassed $0.70 and reached almost $1.00 by August, giving the market newfound hope. Compared to the June lows, this was nearly a 100% increase. Cardano entered a turbulent range between $0.70 and $1.00 during September and October, but traders were unable to overcome the $1.00 barrier level. The price then broke $0.70 in November due to increased selling pressure, hastening the drop to the current $0.4210.

Source: Ali

Whale Loss Raises Eyebrows

Adding to the bearish sentiment, a dormant Cardano whale incurred over $6 million in losses while converting 14.4 million ADA to the Cardano-native stablecoin USDA. The whale, inactive for more than five years, used a low-liquidity pool for the swap, receiving only 847,000 USDA instead of the expected amount

On-chain investigator ZachXBT highlighted, “Onchain clown of the month: A Cardano holder swapped 14.4M ADA ($6.9M) for 847K USDA and lost $6 million due to low liquidity.” Consequently, this botched transaction temporarily depegged USDA, causing price volatility in the Cardano ecosystem.

The post Cardano Eyes $0.30 as Key Support Amid Market Drop appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

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