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Cardano Slips Below $0.80 as Bears Gain Control Over Market

  • ADA has dropped 6.8% in the past 24 hours, falling below the $0.80 support level.
  • Open interest remains high at $917 million, but indicators suggest caution as RSI and Bollinger Band Trend show weakening strength.
  • Whale activity has slowed down, potentially leading to price vulnerability around $0.66–$0.64 if key support levels are broken.
  • Traders are advised to be cautious as Cardano's recent dip raises concerns about a possible reversal in the market sentiment.

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