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Cardano (ADA) has experienced a significant downturn, declining by 27% this month and reaching a multi-month low. This drop coincides with a decrease in active addresses, which have fallen to their lowest levels since November 2024. Despite the downturn, long-term holders remain committed, continuing to accumulate ADA.
For Cardano to stabilize, it is crucial for ADA to maintain support at the $0.70 level.