Cardano ADA price dips to $0.38
Cardano fixed a Nov. 21 mainnet partition tied to a faulty delegation transaction, while ADA slipped to $0.38.
Cardano’s ADA fell to $0.38 after a short mainnet partition on Nov. 21 traced to a faulty delegation transaction. Engineers restored normal operation within hours, yet the token traded near lower levels through the weekend.
Trading centered on nearby support and resistance zones.
The partition occurred on the Cardano mainnet and was linked to a faulty delegation transaction. Normal service returned the same day.
Cardano is a layer-1 blockchain launched in 2017 with smart contract support.
The Nov. 21 incident was a brief disruption for Cardano, which has not recorded prolonged downtime since launch.
As we reported earlier, ADA was forming a falling wedge on the daily chart after touching $0.3895, with the RSI rebounding from near 23 to about 40 and the Percentage Price Oscillator flipping to a bullish crossover. Traders were watching $0.5097, identified as the June 22 swing low, as the first resistance, while $0.3895 stayed as the key support that would negate the pattern. Attention also centered on Midnight, a Cardano sidechain using zero-knowledge tech, set to launch with the NIGHT token after the Glacier airdrop.
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