Cardano has recently launched a leveraged exchange-traded fund (ETF), which represents a significant development in the cryptocurrency market, especially for this blockchain platform. However, amidst this exciting news, the price of Cardano has shown signs of cooling down. It is essential to understand why the price point of $0.438 is particularly crucial at this moment. This price level could serve as a key support or resistance level, influencing trader sentiment and market dynamics moving forward. Such price points often attract attention from both investors and analysts, making it imperative to examine the underlying factors and implications of this development for Cardano's future trajectory.
source: https://blocknews.com/cardano-gets-a-leveraged-etf-while-price-cools-here-is-why-0-438-matters/