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Cardano MACD Approaches Golden Cross After June Pattern Delivered 62% Rally📊💰 To Know More👇

$ADA Tests Key Support at $0.64 as Crypto Markets Consolidate Below Moving Averages Cardano trades at $0.64 following a 0.87% decline, testing critical support levels as technical indicators signal potential downside pressure in absence of major catalysts.

Here are the trend negative on crypto market - **Gov Shutdown Data Vacuum**: US shutdown since Oct 1 is delaying key economic reports (like CPI on Oct 24), leaving traders in the dark. This amps up uncertainty, hurting risk assets—BTC dipped below $107K post-crash, with alts like ETH down 25%+. - **Powell’s Dovish but Cautious Tone**: His speech hints at possible Oct rate cuts (good for BTC), but high inflation persistence means rates stay elevated longer. Hawkish vibes could spark more selling; markets already volatile, with BTC erasing weekend gains and forming "lower highs." - **Flash Crash Aftermath**: $20B liquidation event on Oct 10 wiped out leveraged positions—BTC plunged $10K in minutes to $101K low, alts tanked 50-75%. Trading volume spiked to $3.68B weekly, showing panic selling. - **Altcoin Bloodbath**: While BTC's at ~$105K (down 18% from $126K peak), alts like SOL/ADA fell 30%, memecoins 30%+ in a day. BTC dominance at 59% means alts aren't rotating yet—more downside if shutdown drags. - **Macro Headwinds**: Tariff threats, jobless claims rising (potential recession signal if >300K), and partisan shutdown bitterness could delay crypto regs/ETFs. Gold/BTC hedge rally aside, equities sync means broader sell-off risk. Overall, sentiment's bearish short-term—position defensively or wait for Powell clarity. What's your take? 📉

$ADA Price Prediction: #Cardano Eyes $0.824 Breakout Target by November 2025 Current $ADA price prediction points to consolidation $NEAR $0.68 with potential breakout to $0.824 within 4 weeks if bullish momentum returns.