Affected by the selling pressure from whales and market pessimism, Cardano's ADA token dropped below $0.27, with the trading price approaching $0.2646. Founder Charles Hoskinson criticized the proposed CLARITY bill, calling it "horrendous," and warned that the bill could over-regulate digital assets as securities, thereby stifling cryptocurrency innovation in the United States. Key technical levels to watch are the support at $0.28 and resistance between $0.29 and $0.30.
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Affected by the selling pressure from whales and market pessimism, Cardano's ADA token dropped below $0.27, with the trading price approaching $0.2646. Founder Charles Hoskinson criticized the proposed CLARITY bill, calling it "horrendous," and warned that the bill could over-regulate digital assets as securities, thereby stifling cryptocurrency innovation in the United States. Key technical levels to watch are the support at $0.28 and resistance between $0.29 and $0.30.