Cardano has recently experienced a notable decline in its market performance, slipping further into a more pronounced bearish territory. This downturn is causing concern among investors, particularly those holding the cryptocurrency ADA. As a result, many ADA holders are closely monitoring the critical price level in the mid-$0.60s range, seeking to understand the factors contributing to this decline and the potential implications for their investments. They are particularly interested in how this price point might serve as a significant support level, influencing future trading decisions and market sentiment.
source: https://blocknews.com/cardano-slips-into-deeper-bearish-territory-here-is-why-ada-holders-are-watching-the-mid-0-60s-level/