Cardano prices fall by 50%? Watch key levels! appeared first on Cryptonews.

Question

Will Cardano price collapse 50%Watch key levels But the cryptocurrency is still down nearly 40% from the highs reached nine days ago when President Trump announced the cryptocurrency reserve, which includes the ADA, in Tweet X.

As a result, #Cardano was only included in the U. S. National #Cryptocurrency Reserve last Thursday. It was included in the US National Cryptocurrency Reserve created by US President Trump. And unlike the Bitcoin Strategic Reserve, which President Trump signed into law at the same time, there are no plans yet to increase the size of the reserve by buying more Cardano. Cardano Even worse for Cardano is that co-founder and CEO Charles Hoskinson was not invited to the White House cryptocurrency summit last week. This refusal means that Cardano will be included in the strategic reserve (not the reserves) and that Charles Hoskinson will be cryptocurrency As a result, the price of Cardano is likely to fall in the coming weeks amid a worsening macroeconomic backdrop, and the price of Cardano could fall below $BTC How far the Cardano price will fall. The bullish scenario for Cardano has lost a lot of strength over the past week, and with the cryptocurrency market as a whole going through a difficult phase, the #ADA It may be doomed to ineffectiveness. In recent weeks, risk appetite has decreased due to growing concerns that the Trump administration is deliberately pursuing policies that will cause short-term economic pain (D. O. G. E austerity and trade wars). Government spending is being cut because if we are in a recession, then GDP was never real. the U. S. government has an annual budget deficit of $2 trillion dollars. This is actually an artificial GDP of $2 trillion dollars, financed by further debt. US stocks are down significantly from their annual peak, and #cryptocurrencies have been hit hard. the US economy could worsen in the coming weeks and months, so this trend in the financial markets

In this case, a sustained decline to the $0.27-41 range at the end of 2024 is possible.

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