📉 $ADA Continues to Drop — Now at $0.7805 (Market Cap: $28.47B)

📉 $ADA Continues to Drop — Now at $0.7805 (Market Cap: $28.47B)

Since yesterday’s post, ADA has dropped another ~$0.10.It briefly dipped to $0.766, but has recovered slightly to the low $0.78 range.

🧠 Why is ADA dropping?

🔸 1. Bitcoin Dominance Rising

• BTC dominance continues to increase, pulling capital away from altcoins.

• ADA and many other alts are suffering as funds rotate into BTC.

🔸 2. Support Levels Under Pressure

• ADA has broken through several key levels: $0.86 → $0.80 → now testing $0.75.

• If $0.75 breaks cleanly, the next possible retracement target could be around $0.70.

🔸 3. Lack of Catalysts

• No major news, upgrades, or ecosystem announcements from Cardano this week.

• Meanwhile, chains like Solana and Ethereum L2s are dominating the headlines.

🔸 4. Weakened Market Sentiment

• Many traders are taking profits or sitting out.

• Broader macro concerns (e.g., Fed rate decisions, ETF noise) are adding pressure across the crypto space.

📊 What to Watch Next

• $0.75 is the key support level. Holding this could lead to a bounce.

• A decisive break below might send ADA into a $0.70–$0.73 consolidation zone.

💬 Final Thoughts

This is a crucial moment. Staying calm and strategic is key.Stay strong, ADA!!! 🔥💪

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