Cardano Price Analysis: Will $0.45 Support Hold Strong Amid the Market Sell-off?

The recent weekend saw a significant sell-off in the cryptocurrency market, with layer 1 blockchain Cardano bearing a substantial impact. The asset witnessed a steep decline from its new lower high of $0.624 to the $0.45 level, marking a 30% drop over the week. Amid fluctuating market sentiment and the approach of the much-awaited Bitcoin halving, Cardano’s price is striving to maintain its footing above the $0.45 threshold.