<ul><li>Cardano (ADA) is facing a critical turning point with a potential 50% plunge if it fails to hold key support levels at $0.65-$0.80.</li><li>Analyst Ali Martinez warns that if ADA slips below the $0.80-$0.60 zone, the sell-off could accelerate.</li><li>On-chain data and technical charts paint a grim picture for ADA, with a potential drop to $0.40 if it breaks below $0.58.</li><li>Despite the challenges, there are chances of a turnaround for Cardano with smart contract upgrades and DeFi expansion, as well as a recent MACD golden cross indicating a shift in momentum.</li></ul>

Cardano Could Drop to $0.40 If This Happens Next

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