Cardano risks dip below $0.50 as ADA falls to $0.52 amid altcoin sell-off
Cardano (ADA) dropped nearly 5% on Nov. 13, sliding to intraday lows near $0.52 as buying pressure weakened around the key psychological $0.50 level. The move occurred amid a wider pullback across altcoins, which amplified selling in mid-cap tokens and left ADA testing short-term support. Volume picked up on the downside, suggesting traders responded quickly to the broader market chill. A decisive close under $0.50 would likely expose ADA to further downside as stop-loss levels and short-term holders capitulate, while a rebound above recent intraday resistance would ease selling pressure. Market participants will be watching Bitcoin’s trend, on-chain flows and liquidity conditions for clues on whether this is a shallow correction or the start of a deeper retracement. For holders and stakers, the drop underscores near-term volatility even as protocol fundamentals remain unchanged.