The cryptocurrency market experienced a significant downturn, with Cardano (ADA) being one of the most affected assets. ADA's price dropped by 20.53% in the past 24 hours and reached its lowest level in almost 90 days. However, despite the price decline, Cardano's transaction volume increased by 428.86%. This suggests that traders were actively participating in the market despite the bearish sentiment. The market downturn resulted in over $36 million in losses for ADA traders, with long traders being the most affected. The recent Plomin hard fork and ADA's whale activity are expected to influence the price and accumulation of ADA. Additionally, a positive correlation with Bitcoin may help Cardano recover in the medium to long term.



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