Cardano (ADA) has moved into a dark red zone on its daily chart, signaling substantial selling pressure as traders await a decisive move. Analysts warn caution before buying and highlight a potential breakout above $0.45 as confirmation of a trend change.
In parallel, Cardano’s founder Charles Hoskinson criticized Ripple’s Brad Garlinghouse for backing the CLARITY Act, saying it would legitimize poor legislation. He also warned that such legislation may lead to lasting regulatory issues.
The market will monitor for a clear move above the $0.45 level. It will also watch for any regulatory developments that could shape price action.
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