Cardano (ADA) has seen bearish pressure rise as technical metrics suggest a storm could be brewing. Alarms have been sounded on a bear pennant pattern on the 4-hour chart, which could spark a 35% drop toward $0.464 if the support at $0.70 fails. The inability of the token to break above the $0.75 resistance region combined with whale wallets cashing out over 2 million ADA within a week highlight declining sentiment.
At the same time, Cardano’s decentralized finance (DeFi) ecosystem seems fragile, with little-to-no growth in total value locked (TVL) as it remains stranded at $360 million. But uncertainty remains and investors are turning to other options. Such as presale-stage DeFi project Mutuum Finance (MUTM), which is attracting attention for its innovative approach to lending and similarly ambitious growth expectations.
Mutuum Finance Presale
Mutuum Finance (MUTM) is now in the third stage of its…
