Cardano Go Face 32% Price Drop Risk As Dem Do Forensic Audit On Presale Wahala And Transparency Push
Cardano (ADA) dey under pressure as technical analysis dey show say price fit fall by 32%. Dem don see 'bearish flag pattern' and support wey dey near $0.72, with target around $0.51. This bad vibe dey happen as dem dey scrutinize Input Output Global (IOG) well well after dem start forensic audit on ADA vouchers wey dem no claim from dia presale. This one come after dem talk say dem reassign 318 million ADA in 2021. Big law firm like McDermott Will & Emery (MW&E) and BDO dey do the audit, and Emurgo dey support the call for transparency, tellin' community to calm down. Cardano founder, Charles Hoskinson, deny say dem chop money, e explain say dem transfer the funds to Intersect, wey be governance body, no be IOG. Dem never publish any audit result yet. Meanwhile, Cardano network self dey strong, with almost 50,000 daily on-chain transactions, and dem go showcase blockchain use for digital identity and AI for GITEX Europe 2025. Even though ETF approval hope and strong network activity dey give small hope, the allegations wey no clear and regulatory wahala dey make short-term risk of price fall high, and e dey make ADA price shaky. Traders suppose watch audit outcomes and key price support levels well for risk management.
Bearish
Di current news wey dey go round about Cardano (ADA) show say e go drop for short-term. Technical analysis show say e get bearish flag pattern wey fit make price drop by 32% if de support near $0.72 comot. On top dis bad price wahala, plenty fear don dey for community and market pipu because dem don start forensic audit for presale voucher mata and accuse dem say dem no share ADA well. Even as founder Charles Hoskinson and Emurgo dey yarn about transparency and deny de claims, de way government dey investigate dem and say dem no get audit result quick quick dey cause palava. From before, situations like dis dey make market shake pass before and pipu go dey feel bad, even as on-chain activity and ETF speculation dey give small support. Until dem finish de audit and settle de wahala, traders go still dey careful, and dis one go make ADA market dey go down for short-term.