The post What happened after Cardano was ‘taken down by a kid?’ Mapping investor confidence appeared com. Journalist Posted: November 23, 2025 Key Takeaways What triggered Cardano’s recent sell-off? A rare partition event exposed vulnerabilities in Cardano’s network, disrupting DeFi activity, stake pool operators, and damaging stakeholder confidence. How weak is ADA, fundamentally? ADA has already shed 50% in Q4 and is technically fragile. Analysts suggest another 5× drop could align fundamentals with network strength. Cardano has been among the worst Q4 performers among large-cap cryptocurrencies so far, shedding 50% of its value. However, looking back, ADA has been bearish since peaking in mid-August above $1. This means that Cardano [ADA] was already in a technically weak spot before the October crash, with bulls failing to defend key support zones. That crash further eroded stakeholder confidence, pushing ADA back to pre-election levels. In such a fragile environment, even a small trigger could spark a major sell-off. Recently, Cardano experienced a rare partition event. The incident was later addressed by founder Charles Hoskinson.” For context, the partition event was caused by a glitch, creating a split in Cardano’s blockchain history. Hoskinson highlighted the impact of the incident, explaining how the “accidental” action by a user disrupted the network, affecting DeFi activity, stake pool operators (SPOs), and damaging Cardano’s overall reputation. However, the market reaction largely contradicted this perspective. Many viewed the event as a “much-needed” catalyst that exposed vulnerabilities in the network and sparked debates about Cardano’s resilience. Community questions Cardano’s technical strength This partition event has once again put Cardano’s resilience under scrutiny. Price-wise, ADA has already shaken stakeholder confidence, emerging as one of the weakest top-cap assets. The recent network issue has worsened the situation, further dampening market sentiment. On-chain data reflects this.
Tag: cardano
The post Cardano since late 2024, ranging between $0. 60 and $0. 80, with buyers and sellers soon reaching parity. Currently, the symmetrical triangle pattern, which was at $0. 62, represents tightened market liquidity, which often precedes major breakouts, although major drops below $0. 64 demonstrate short-term weakness. Analysts also predict possible major upswings to $1. 00 or even $1. 70 if the $0. 75 level is breached, although such modest upside is rendered insignificant when contrasted with the major upside offered in newer DeFi alternatives. Turning the spotlight in the current cryptocurrency news, the tensions in Cardano (ADA) excite few astute traders, although Mutuum Finance (MUTM) at $0. 035 represents the current best cryptocurrency to invest in, offering rewards much higher than what ADA offers. Cardano’s Symmetrical Pattern Cardano is inside a symmetrical triangle with lows and highs moving to meet at an apex on the 12-hour USDT chart. This makes the market undecided, with support levels being dynamically matched by buyers against an upper line. Currently at $0. 62, ADA strongly holds on to its support level, which represents the ascending pattern line, and has remained unchanged ever since the formation of the pattern. Analysts’ targets stand at $1. 00, $1. 30, and $1. 60, once the breakout at $0. 75 to $0. 80 occurs. However, the momentum indicators show oversold levels, and missing the $0. 64 level-of-recovery might push the coin to $0. 60. Although such an arrangement reveals growth, Cardano’s projects’ slow approach opens avenues in other areas. Consequently, people interested in the best cryptocurrency to invest in would rather look at projects that provide immediate investment options compared to Cardano. Card Purchases Unlock Easy Entry Mutuum Finance has made investing in their MUTM tokens easily accessible by introducing card purchase functionality, which previously hindered the adoption process in the cryptocurrency world. Currently,.
The post Solana, Cardano and XRP Slide as Remittix Extends Its Winning Streak appeared com. Solana, Cardano, and XRP are once again under serious pressure this week, as investors brace for more swings in the market. While these major altcoins are trying to find their footing, Remittix keeps stealing the spotlight. This PayFi token continues improving with new listings strong growth, and a real-world use case that is already turning some heads. In a sea of uncertainty, Remittix (RTX) is trying to prove that real utility still beats temporary hype. Solana Price Outlook Shows Consolidation Phase Ahead The price of SOL has dropped to around $186, charting a loss of around 3. 6% amid a weak broader market. Even with over $117 million in ETF inflows from Grayscale and Bitwise, SOL’s price today remains well below the $200 level, suggesting that traders are cautious. The rally that followed the news of the ETF has apparently cooled down as institutions are seemingly taking profits. Technical indicators are also relatively mixed, with the RSI sitting at 47 and MACD currently in negative territory. Data also shows reduced holding among long-term investors, which also suggests some mild profit-taking. For now, SOL’s price action remains rather neutral, according to the popular analyst Ali Martinez. Traders are closely watching the $192-$206 range. Any move beyond that would open the door to $237, whereas any fall would direct the prices to $182. Cardano Price Struggles To Hold Key Support Amid Market Downturn The Cardano (ADA) price is trading near $0. 61. So far, it the buyers have been able to defend the crucial support of $0. 58 successfully. Analysts believe that a break below it may result in the ADA price falling to as low as $0. 54 or even less. Most of the analysts remain cautious, even as the project rolls out governance upgrades under the Voltaire model. The current price action points to.