Cardano Price at Risk of Losing $0.30 Support Amid Hydra Update
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Cardano price experienced a slight decline of 0.37% to $0.34 amid a less volatile market on Saturday. This happened as Bitcoin maintained stability above $60,000 and most major altcoins saw consolidation after the mid-week rally. The Hydra Update 0.18.0 is expected to influence the ADA price. The key question is whether ADA will resume its recovery momentum or if the downtrend will persist.
The rollout of Cardano's Hydra Update 0.18.0 is a significant event for the cryptocurrency. Investors and analysts are keen on observing the impact this update might have on ADA's market performance. The price is at risk of losing the $0.30 support level if the downtrend continues.
The current market situation includes Bitcoin's stability and the consolidation of major altcoins. This backdrop provides context for Cardano's price movements. The mid-week rally had provided some momentum, but the market has since entered a phase of less volatility.
Source: coingape.com ↗
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