Cardano (ADA) Faces Critical Support Level Amid Market Selloff: Key Price Zone to Watch

The cryptocurrency market is experiencing significant selling pressure, which hasn’t spared Cardano, the 10th-largest cryptocurrency by market capitalization. Recent data highlights a critical support level for ADA that could influence its price direction. On-chain analytics show that a significant volume of ADA transactions occurred within a specific price range, suggesting a potential area of support.

Source: CoinOtag