Cardano is currently experiencing significant downward pressure in the market, largely due to the influence of Bitcoin's performance, which is causing ADA, Cardano's native cryptocurrency, to decline further and approach a crucial support level. Traders and investors are closely monitoring this situation, as a breach of this support could lead to increased volatility and further losses for Cardano, making it a critical point to watch in the ongoing market dynamics.
source: https://blocknews.com/cardano-faces-heavy-pressure-as-bitcoin-drag-pulls-ada-toward-critical-support/