ADA drops below KEY support level: Cardano (ADA) has fallen under its critical 1.20 USD support level. This decline affects about 93,000 addresses that together hold 2.54 billion ADA. The dip has led to the ADA trading at approximately 0.97 USD, putting many investors in a precarious position.

Rising network activity shows promise: Despite the drop, Cardano’s network activity remains strong with 1.24 million active addresses over a 30-day period. This could indicate community anticipation for future updates in Cardano’s ecosystem. However, it’s uncertain if this will drive a near-term price recovery.