Cardano’s Price Plunge: Is a Major Support Level About to Break?
For approximately three years, from 2022 onwards, ADA’s trading remained within a specific bandwidth. But in December 2024, ADA made a significant move beyond this range for the first time, reaching a new peak. However, this breakout seemed incomplete as it lacked the substantial volume needed to support it. An immediate drop in trading activity following the breakout hints at decreasing energy, indicating a potential climax rather than a continuous bullish run.