Cardano's ADA Drops 2.5% to $0.2241 as Longs Lose $4.06M in Liquidations
- —ADA fell 2.5% to $0.2241, with an intraday low of $0.2160
- —Longs made up $4.06 million of the $4.17 million in daily liquidations
- —Price broke below the 20- and 50-day EMAs but held the 100-day EMA at $0.2195
- —Veridian became the first asset tokenized under Cardano's CIP-113 standard
Why it matters: Holding the 100-day EMA at $0.2195 will determine whether ADA extends its pullback or recovers toward $0.2310.
Source: Coin Edition