ADA Price Plummets 2.43%: Is This the End? 🚨

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Despite the valiant efforts of the bulls, who fought with the courage of a thousand… well, maybe not a thousand, but at least a few, the coins remain in the red zone, according to the all-wise CoinStats. 😂

ADA/USD

The price of Cardano (ADA) has fallen by 2.43% since yesterday. A tragedy of epic proportions, one might say, as if the coin itself has taken a solemn vow of silence, refusing to speak in the language of gains. 😢

On the hourly chart, the rate of ADA has fixed below the support of $0.7622. If the situation does not change by the end of the day, one can expect a test of the $0.75 mark. A test, indeed! Like a peasant before the Tsar, the price trembles, awaiting its fate. 😬

On the longer time frame, the price of ADA is on its way to the support of $0.7212. A journey through the valleys of despair, where even the most optimistic traders might find themselves questioning their life choices. 🤔

If the daily candle closes below that mark, the accumulated energy might be enough for a move to the $0.70 zone. A move that could make even the most stoic investor clutch their pearls, or in this case, their portfolios. 😲

From the midterm point of view, the rate is far from key levels. In this regard, traders should pay attention to the candle’s closure in terms of the previous bar’s low. If it happens below $0.76, one can expect a test of the $0.70 mark soon. A test that might make the market’s heart skip a beat, or at least a few seconds of panic. ❤️

ADA is trading at $0.7578 at press time. A price so low, it’s as if the coin has taken a vow of poverty, or perhaps it’s just waiting for the right moment to strike back, like a sleeping dragon in a medieval tale. 🐉

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2025-07-31 19:28