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The Altcoin market collapsed after Bitcoin fell below $ 100,000. This happened when Trump introduced new tariffs, including 25% of imports from imports from Canada and Mexico and 10% of taxes on Chinese products. This caused threats to retaliation of these countries and upset global markets. As Cardano now brings a decrease in its definition activities, negative pressure increases. This could retain the price of Ada in a limited range.
The price of Cardanoa (Ada) has dropped by 15% over the past week because the cryptocurrency market is facing difficult conditions. According to COINGLAS, Cardano has recorded more than $ 33 million in total liquidations, and about $ 27.7 million from investors who have closed their long positions in the last 24 hours.
The recent decline in the market has pushed Cardan’s definition of activity. Defillama reports that the total value locked (TVL) in the Cardano network fell to $ 355 million from $ 593 million at the beginning of this year. This means that the network recorded a loss of about $ 238 million in assets.
This decline is partly due to the constant fall of Cardano. The value also fell in terms of Ada Token, fell to 445 million from 585 million this year.
This declining activity could encourage Cardan’s bear trend. However, traders should look out for progress in defined activities, as this could match the set.
Read: Cardano predictions 2025, 2026 – 2030: Will Ada Price reach $ 2?
Last week, Plomin hard fork fans of Cardanoa are excited about their potential effects on the accumulation of Ada and the price trends. In addition, the activity of the large owners of Ada is crucial because their significant shopping could increase the mood of the market.
Also, the correlation between Ada and Bitcoin could have a positive effect on Ada in the middle to long. Since Bitcoin stabilizes about $ 100,000 after a recent sale, he hopes Cardano will do soon.
As Ada Price finally made a downward correction after a strong climb over the last few weeks, investors are preparing for the jump. While Ada is formed in the price of prices, whales consider the opportunity to accumulate more. The daily price of the price shows that Ada’s story witnessed the correction upwards after it fell to a low $ 0.5. According to writing, Ada Price traded $ 0.79, fell over 0.8% in the last 24 hours.
Customers try to keep the price at $ 0.80, but sellers could reduce the price, resulting in the Ada/USDT Par again tested $ 0.50. Ada Price is expected to face a strong resistance of about $ 0.8. If surpassed, we may see his price above $ 1.
If the price falls again with $ 0.8, it could return to around $ 0.50 and may have varied for several days between these two levels.