The Cardano (ADA) Price Has Plunged 4% in the Last 24 Hours to Trade at $0.7373

The slump in the ADA price comes despite the upcoming Cardano live stream, which will feature key figures like CTO Giorgio Zinetti and co-founder Sebastien Guillemot.

The Cardano price has fallen 4% in the last 24 hours to trade at $0.7373 by 6:50 a.m. EST on Tuesday. This comes as the cryptocurrency’s trading volume dropped 22% to $785 million.

The slump in the ADA price comes despite the upcoming Cardano live stream, which will see key figures like CTO Giorgio Zinetti and co-founder Sebastien Guillemot discuss and break down the roadmap using a tier list approach.

During the stream, they will be discussing some of the critical projects and technologies that are being developed by the Cardano Foundation and its partners.

Join us this Thursday, 27 March for a special livestream with our CTO @giozzi, @SebastienGllmt, and @_KtorZ_.

We’ll be breaking down Cardano’s roadmap with a tier list approach — live on X and YouTube at 16:00 GMT. Set your reminders: https://t.co/u7Fln6Q7n6

— Cardano Foundation (@Cardano_CF) March 25, 2025

Moreover, Cardano continues to innovate with its research-driven approach, scalability through the Ouroboros proof-of-stake algorithm, and a layered architecture that enhances security and flexibility.

However, broader market trends, investor sentiment, or macroeconomic factors may also be contributing to the decline in ADA’s price.

Cardano Price Struggles To Gain Momentum Despite Breakout From Bearish Channel

Cardano (ADA) is currently attempting to regain bullish momentum following a prolonged downtrend. After reaching a peak of $1.20 in late 2024, ADA entered a bearish channel, which saw the price steadily decline before finding support at $0.70.

ADA price chart. Credit: Tradingview

Despite the recent breakout from this downward pattern, ADA remains trapped in a tight trading range between $0.70 and $0.80, struggling to break key resistance levels. A sustained move above $0.80 could signal a bullish trend reversal, potentially pushing the price toward $1.00 – $1.20, where a major resistance zone awaits.

However, if ADA fails to hold $0.70 support, it risks further downside pressure, possibly testing $0.60 or lower.

Technical indicators provide mixed signals on ADA’s next move. The Relative Strength Index (RSI) stands at 48.99, indicating neutral momentum. A rise above 50 could confirm growing buying pressure, while a drop below 40 may reinforce bearish sentiment.

Meanwhile, trading volume remains crucial, as a breakout needs strong market participation to be validated.

As Cardano gears up for its special live stream event, investors will closely follow for any announcements that could impact the cryptocurrency’s price trends.

While fundamentals remain strong, ADA’s price action suggests that a decisive move above $0.80 or below $0.70 will determine its short-term trajectory.

Investors Flock To Solana Layer 2 Solaxy, Its ICO Crashes Past $28.1 Million

As Cardano traders are struggling to push the price higher, more investors are shifting their focus to Solaxy (SOLX), the first layer 2 scaling solution on Solana, which has already seen its presale raise over $28.1.

Aiming to reduce network congestion on Solana, which has been exacerbated by the explosive growth of SOL-based meme coins, Solaxy uses rollups, a cutting-edge scaling technology.

Crypto analyst and YouTuber Jacob Bury, who has 55.7K subscribers, predicts that SOLX could surge 10x post-launch, making it one of the most anticipated projects in the Solana ecosystem.

“I think we could potentially see a 10x from here if it launches around $0.8 to $1. A 10x would take it to the $8 to $10 range, which aligns with the major Fibonacci level.”

Bundling thousands of transactions off-chain before submitting them to Solana, Solaxy significantly decreases network strain, boosts transaction speeds, and improves efficiency.

Beyond congestion relief, Solaxy provides a suite of developer-friendly features, allowing easy app deployment with a streamlined interface and user-friendly tools.

The project also aims to bridge Ethereum and Solana, promoting seamless cross-chain compatibility and strengthening the Web3 ecosystem.

For investors seeking passive income, Solaxy offers an attractive staking opportunity with an impressive 145% annual return. The platform has already seen over 7.7 billion tokens staked, showcasing strong early adoption.

Solaxy ( $SOLX)- #Solana Layer 2 #memecoin with high staking rewards.Raised $10M+ in presale, ongoing until March 31, 2025.Pros:Aligns with Solana +