$ADA dropped about 3.2% in the last 24 hours, trading near $0.342, and is down roughly 60% in 2025. The price broke below the lower Bollinger Band with heavy selling volume, and the MACD shows strong bearish momentum. Added to this, some ADA margin pairs are set to be delisted by early January, which is keeping traders cautious in the short term.
On the positive side, the network fundamentals are improving. The launch of the Midnight privacy sidechain has brought fresh attention to Cardano, even earning recognition from Ripple’s CTO. Cardano has also fully entered the Voltaire era, meaning on-chain governance is now live and decisions are community-driven. These are long-term growth steps, even if price action is weak now.
Another key signal is whale activity. On-chain data shows large investors have accumulated around $41 million worth of ADA recently, suggesting confidence at these lower levels. Next moves: if ADA holds above the $0.33 area, a short-term bounce is possible. If selling continues, price could test lower support before stabilizing. Overall sentiment is mixed short term bearish, but long-term believers are still watching Cardano closely.
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