Cardano (ADA) experienced a significant upswing in March, reaching a year-to-date high of $0.4622. Excitement spread among ADA investors as the price climbed, but unfortunately, it was short-lived. The price faced rejection at that level, causing ADA to plummet to the $0.3760 support level. However, despite this setback, ADA managed to find some stability as the bulls defended this crucial support level. Throughout May, the price of ADA fluctuated above and below the support level, giving hope to investors. Related Reading: Shiba Inu Collapses: How Long Can The Meme Coin Climb Back Up? However, the tides turned in June when intense selling pressure gripped the market. ADA, like many other altcoins, found itself caught in the aftermath of regulatory issues with its supposed security label. The market sentiment turned bearish, and altcoins suffered significant losses as a result. ADA Not A Security: Gensler Once Again Getting Ahead of Himself #Cardano #cardanofeed #ADA #crypto #cardanocommunity #bitcoin #CoinMarketCap #blockchain #cryptocurrency #CardanoADA #btc $ADAhttps://t.co/cwM1SD0Brm — Cardano Feed ($ADA) (@CardanoFeed) June 14, 2023 Now, the question arises: What lies ahe ..
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 Price Sheds 19% As Bearish Sentiment Looms Large){kind=link}