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Cardano Price Dangles on Edge of Cliff Amid SEC Crackdown and Robinhood Delisting

June 28 (Cointime) - The price of Cardano has been affected by the recent crackdown on the crypto market by the US Securities and Exchange Commission, with ADA being among the 64 cryptocurrencies alleged to be securities. This has caused instability in the market, with Cardano's price falling from highs above $0.45 to $0.22 on June 10.

Robinhood's decision to delist ADA, Solana, and Polygon has also contributed to a minor sell-off. The Moving Average Convergence Divergence (MACD) indicator suggests that Cardano's price may continue to fall, with resistance anticipated at $0.32, $0.36, and $0.40.

Cardano Cardano $0.89
+11.23%
Cardano Robinhood
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