Cardano’s slide to near $0.24 on Friday has injected fresh investor concern, with the token underperforming alongside sharp pullbacks in Bitcoin and Ethereum. The move, which has seen the ADA price down 4% in the past 24 hours and 9% this past week, has revived fears that the bear phase may yet have another leg down. For bulls, the question is whether ADA faces a deeper retreat toward long-term support. Cardano slides amid broad market weakness ADA’s drop to $0.24 coincides with renewed selling pressure across the crypto market. Friday saw the benchmark assets, Bitcoin, break lower, with BTC retreating toward $66,500 and Ethereum under $1,990. Other cryptocurrencies also slipped, with XRP to $1.
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