Cardano Tests Critical Support as ETF Speculation Meets Heavy Selling Pressure
Cardano’s price action tells a story of institutional hope meeting brutal market reality. The cryptocurrency dropped a devastating 34.06% over the past month to $0.426, even as T. Rowe Price filed for a new active crypto fund that includes ADA exposure. This disconnect between positive ETF developments and price performance has trapped retail traders who bought the news, while whale accumulation patterns suggest smart money is quietly positioning for a potential reversal. The main question for traders is: can the $0.387 monthly low hold as genuine support, or will the ETF narrative fail to materialize before sellers overwhelm this level?