隨著比特幣（BTC）價格下跌低於$ 90K

價格降低了10.05％，目前為0.67美元。

The price of Cardano (ADA) has come under strong selling pressure as sellers continue to dominate the market, leading to a 10.05% reduction in the coin’s value.

隨著賣方繼續主導市場，Cardano（ADA）的價格受到了強大的銷售壓力，導致硬幣的價值降低了10.05％。

The recent drop of Bitcoin price below the $90K level has applied additional bearish pressure on the overall crypto market. The selling pressure persists as the price declined by 5.42% in the intraday and continues to fall.

最近，比特幣價格低於$ 90k的水平，對整個加密貨幣市場施加了額外的看跌壓力。銷售壓力仍然存在，因為盤中的價格下降了5.42％，並且繼續下降。

The chart indicates a failure to push past the 20-day EMA as a resistance zone. Cardano price has pulled back from the 50% retracement level of $0.7746 and is aligning with the 38.20% Fibonacci level. If the price fails to hold above it, then the next support level is $0.60 a psychological level.

該圖表明未能將20天EMA推向電阻區。 Cardano Price已從50％的回撤水平撤回$ 0.7746，並且與38.20％的斐波那契水平保持一致。如果價格不高，那麼下一個支持水平為0.60美元的心理水平。

Moreso, Crypto analyst Ali warns that Cardano price is breaking below a parallel channel. He notes that ADA must reclaim $0.67 quickly to avoid further decline. According to his analysis, the price may fall to $0.53 unless a swift market recovery happens.

加密分析師阿里（Ali）莫雷索（Moreso）警告說，卡爾達諾（Cardano）的價格正在平行渠道以下。他指出，ADA必須迅速收回0.67美元，以避免進一步下降。根據他的分析，除非發生迅速的市場復甦，否則價格可能會降至0.53美元。

The Derivatives Data Reflects Market Uncertainty

衍生品數據反映了市場不確定性

According to Cardano derivatives market data, investors remain fundamentally indecisive. The markets show a complete lack of interest in continuing in the same direction, as evidenced by a 0.0045% funding rate decrease.

根據Cardano衍生品市場數據的數據，投資者在根本上保持了優柔寡斷。市場表明，沿著同一方向持續不足，這完全缺乏興趣，這一點有0.0045％的籌資率下降。

Furthermore, Open interest has decreased to $544.94 Million, reflecting a 15% reduction. Lower open interest indicates that traders are reducing their positions, perhaps due to a lack of confidence in price stability or the ability to make a clear directional bet.

此外，開放利息已減少到5449.4萬美元，反映出減少了15％。較低的開放興趣表明，交易者正在降低其頭寸，這可能是由於對價格穩定性缺乏信心或進行明確定向下注的能力。

However, some traders still have relatively high expectations on Cardano’s prospects in the market. The long-to-short ratio remains at 0.9216 which still indicates buy signals.

但是，一些交易者對Cardano市場前景的期望仍然相對較高。遠程比率保持在0.9216，但仍表示購買信號。

On Binance, the Long to Short ratio has spiked higher at 2.73 indicating that traders have a bullish outlook.

關於binance，長期與短期的比例更高，為2.73，表明交易者的前景是看漲的。

Additionally, increased liquidations have affected the market. This has led to market turbulence and most of the traders pull out their stakes from the market.

此外，清算的增加影響了市場。這導致了市場的動盪，大多數交易員從市場上掏出了股份。

However, as levels of liquidation arise, the volatility could continue to be a long-term phenomenon.

但是，隨著清算水平的出現，波動率可能繼續是一種長期現象。

Cardano ETF Proposal Sparks Optimism

Cardano ETF提案激發樂觀

The SEC has acknowledged a 19b-4 filing for a Cardano exchange-traded fund. NYSE Arca, which is a subsidiary of the NYSE Group, filed this proposal.

SEC已確認為Cardano交易所交易基金提交了19b-4的申請。 NYSE ARCA是NYSE集團的子公司，他提出了這一建議。

This filing proposes to obtain SEC permission for trading Grayscale's Cardano Trust shares on the NYSE Arca exchange under the provisions of the Exchange Act, specifically Rule 8.201-E.

該文件建議根據《 Exchange Act的規定》，特別是規則8.201-E，獲得SEC的SEC許可。

If approved, the ETF could drive adoption among institutional investors which would be beneficial to Cardano.

如果獲得批准，ETF可能會推動對Cardano有益的機構投資者的採用。

Higher institutional participation results in increased price and market stability. Investors are now waiting for more updates from the governmental bodies. Such a development could alter the general perception of the market and draw more buyers in.

較高的機構參與導致價格和市場穩定性提高。投資者現在正在等待政府機構的更多更新。這樣的發展可以改變市場的普遍看法，並吸引更多的買家。

Will Cardano (ADA) Price Drop to $0.50 or Rebound?

Cardano（ADA）價格會降至0.50美元還是反彈？

The altcoin price is approaching the critical support zone. If bearish momentum continues, the next support is at the 23.60% Fibonacci level at $0.53. A breakdown from this level could push the Cardano price to $0.50.

Altcoin價格正在接近關鍵支持區。如果看跌動量繼續，下一個支持在23.60％的斐波那契水平為0.53美元。從這個水平的細分可能會將Cardano價格提高到0.50美元。

However, the market could shift if sentiment improves. The SEC’s acknowledgment of the ETF proposal has created renewed optimism.

但是，如果情緒改善，市場可能會發生變化。 SEC對ETF提案的認可已引起了新的樂觀情緒。

If the ETF gains regulatory approval, institutional demand could increase. A rebound within the falling wedge pattern could push Cardano toward the $0.7746 resistance level.

如果ETF獲得了監管機構的批准，則機構需求可能會增加。下落的楔形模式內的反彈可能會將Cardano推向0.7746美元的電阻水平。