Derived from Cryptofrontnews, Cardano (ADA) has seen its price fall to $0.4100, a 70% decline from its December 2023 peak, making it one of the worst performers in the current crypto market downturn. Despite a 36% drop in Total Value Locked (TVL) to $186 million, founder Charles Hoskinson remains optimistic, citing upcoming projects like Midnight and RealFi as potential catalysts for a rebound. Technical analysis suggests a possible price recovery, with ADA forming a falling wedge pattern and an oversold RSI.
Cardano Price Drops 70% Amid Market Crash, Founder Remains Optimistic
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