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The Cardano price has plunged 4% in the last 24 hours to trade at $0.7373 as of 6:50 a.m. EST on a 22% drop in trading volume to $785 million.
The slump in the ADA price comes despite the upcoming Cardano live stream, which will feature key figures like CTO Giorgio Zinetti and co-founder Sebastien Guillemot. During the stream, they will break down the roadmap using a tier list approach.
Join us this Thursday, 27 March for a special livestream with our CTO @giozzi, @SebastienGllmt, and @_KtorZ_. 🎯
We’ll be breaking down Cardano’s roadmap with a tier list approach — live on @X and YouTube at 16:00 GMT.
Set your reminders: https://t.co/u7Fln6Q7n6
— Cardano Foundation (@Cardano_CF) March 25, 2025
Additionally, Cardano continues to innovate with its research-driven approach, scalability through the Ouroboros proof-of-stake algorithm, and a layered architecture that enhances security and flexibility.
However, despite these developments, broader market trends, investor sentiment, or macroeconomic factors may contribute to ADA’s price decline.
Cardano Price Struggles To Gain Momentum Despite Breakout From Bearish Channel
Cardano (ADA) is currently attempting to regain bullish momentum following a prolonged downtrend. After reaching a peak of $1.20 in late 2024, ADA entered a bearish channel, which saw the price steadily decline before finding support at $0.70.
Despite the recent breakout from this downward pattern, ADA remains trapped in a tight trading range between $0.70 and $0.80, struggling to break key resistance levels. A sustained move above $0.80 could signal a bullish trend reversal, potentially pushing the price toward $1.00 – $1.20, where a major resistance zone awaits.
However, if ADA fails to hold $0.70 support, it risks further downside pressure, possibly testing $0.60 or lower.
ADUSDT Analysis Source: Tradingview
Technical indicators provide mixed signals on ADA’s next move. The Relative Strength Index (RSI) stands at 48.99, indicating neutral momentum. A rise above 50 could confirm growing buying pressure, while a drop below 40 may reinforce bearish sentiment.
Meanwhile, trading volume remains crucial, as a breakout needs strong market participation to be validated. As Cardano gears up for its special live stream event, investors will closely watch for any announcements that could impact market sentiment.
While fundamentals remain strong, ADA’s price action suggests that a decisive move above $0.80 or below $0.70 will determine its short-term trajectory.
Investors Flock To Solana Layer 2 Solaxy, Its ICO Crashes Past $28.1 Million
As Cardano traders struggle to push the price higher, more investors are shifting their focus to Solaxy (SOLX), the first layer 2 scaling solution on Solana, which has already crashed past $28.1 million in its presale.
Solaxy aims to alleviate network congestion on Solana, which has been exacerbated by the explosive growth of SOL-based meme coins. To do this, Solaxy uses rollups, a cutting-edge scaling technology.
Crypto analyst and YouTuber Jacob Bury, who boasts 55.7K subscribers, predicts that SOLX could surge 10x post-launch, making it one of the most anticipated projects in the Solana ecosystem.
By bundling thousands of transactions off-chain before submitting them to Solana, Solaxy significantly reduces network strain, enhances transaction speeds, and improves efficiency.
Beyond congestion relief, Solaxy provides a suite of developer-friendly features, allowing easy app deployment with a streamlined interface and user-friendly tools. The project also aims to bridge Ethereum and Solana, promoting seamless cross-chain compatibility and strengthening the Web3 ecosystem.
For investors looking for passive income, Solaxy offers an attractive staking opportunity with an impressive 145% annual return. The platform has already seen over 7.7 billion tokens staked, signaling strong early adoption.
Solaxy ( $SOLX)- #Solana Layer 2 #memecoin with high staking rewards.
Raised $10M+ in presale, ongoing until March 31, 2025.
Pros:
Aligns with Solana + memecoin trend.
Public security audit.
Decent SMM performance.https://t.co/xHEqmN9z0h pic.twitter.com/XSZxybjBSg— Rayford Nelson (@RayfordN97369) March 13, 2025
Currently, SOLX is priced at $0.001676 and can be purchased using cryptocurrency or a bank card. With a price hike in less than 30 hours, investors looking to get in at the lowest price should act quickly.
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