Cardano Slumps to Multi-Year Lows as Momentum Exhaustion Signals Capitulation Phase
Cardano slumps to multi-year lows, trading at $0.417 with a 36.3% monthly drop. RSI at 29.59 signals first oversold since August. Support crumbles as price loses 50-day EMA at $0.578. ADA faces capitulation phase amid market forces overpowering positive treasury developments. Traders question if ADA has found its floor or faces further downside.