Cardano (#ADA ): Buying pressure disappears, risks rapidly escalate

ADA has dropped by 10% this week, making it one of the weakest performers among mainstream coins. The buying pressure has clearly retreated, with almost no funds willing to take over, and the price has fallen to $0.33.

If it breaks below $0.30, 27 cents will become the last important support level. If this position is lost, it means that Cardano will give back all the gains since mid-2024 and may enter a longer-term bear market phase. In the short term, whether it can hold above 30 cents is crucial.