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Cardano price struggles to break resistance as ADA faces downward pressure. Meanwhile, Unilabs launches passive income tools and a high-yield USDT savings account.
Cardano faces fresh market resistance amid serious allegations, shaking investor confidence. Analysts suggest the Cardano price might slip further as its current level is proving difficult to break. Meanwhile, Unilabs introduces innovative passive income tools, including a USDT savings account and arbitrage opportunities. The UNIL token is preparing to become the leading presale this year.
ADA hits resistance as allegations shake confidence
The Cardano price (ADA) has lost 0.60% of its value in the past day. This dip was followed by a 38.74% decline in ADA’s 24-hour trading volume. The token price is experiencing major downward pressure around $0.74, as it has struggled to break this level.
Market analysts warn that if the ADA fails to trend above this level, it might slip to $0.63 or $0.50. Technically, the RSI and MACD indicators both suggest the potential upward trend for Cardano. One possible reason behind the Cardano price dip could be the allegations of mishandling $600 million worth of ADA that was linked to the 2021 Allegra hard fork. NFT artist Masato Alexander claimed that Cardano’s Hoskinson swindled $619 million in ADA tokens at the time, calling it “one of the greatest unknown heists in crypto history.”
Hoskinson denied these allegations, revealing that the Cardano Foundation is undergoing an audit and would soon release a report to debunk these claims. The results of the audits could play a role in the trajectory of the Cardano’s price.
If the audit clears the project of these accusations, investors’ confidence could be restored triggering a strong rebound in Cardano. However, if the findings raise further concerns, ADA may continue in its recent downtrend.
Unilabs: Simplifying passive income with AI-driven DeFi solutions
While the Cardano price trend is yet to spark market optimism, Unilabs seeks to assist investors in the DeFi space. The project features numerous tools that make it easy for users to earn passively with little or no trading knowledge.
In a bid to simplify generating passive income, Unilabs features a Stablecoin Savings Account that ties digital assets to the U.S. dollar. This account moves investors’ funds into secure and high-yield opportunities in DeFi. As such, users can worry less about market swings affecting their investments like the ADA token.
Seasoned investors could also benefit from the platform offerings. The platform introduced the flash loan accelerator to allow investors to take advantage of arbitrage. Traders can buy digital assets at a low price on one exchange and sell them at a high price on another, keeping the price difference as profit.
Even more, the whole transaction is risk-free. If the user doesn’t repay the loan immediately in that same transaction, the system cancels the entire deal automatically. With this system, traders could better manage their investment capital and make complex trades without risking their own funds.
Unilabs presale heats up: 30% bonus for early investors
The Unilabs presale is on track to become one of the leading ICOs in 2025. In just a few weeks of its launch, UNIL presale has raised over $1 million, selling over 232 million tokens. With each token at the low price of $0.0062, early investors could be set for impressive returns as the project grows.
UNIL token holders can get passive returns through the platform’s 30% fee redistribution process. The more tokens an investor buys during the presale, the higher their share of the reward pool.
To sweeten the deal, investors who purchase the UNIL token using the ‘UNIL30’ code will receive a 30% bonus on all deposits. This exclusive offer is available for just 7 days.
With the Cardano price slipping, ADA holders are looking for new opportunities and are turning toward UNIL tokens for their passive income and growth potential.
Conclusion
As ADA investors weigh the impact of the ongoing allegations, investors may look to Unilabs’ innovative ecosystem for new growth opportunities. The Cardano price has faced pressure, struggling to break the $0.74 level. If this continues, the token might slip further down.
Having already raised over $1 million, Unilabs is capturing the attention of investors seeking passive income and long-term upside. Early adopters who use the bonus code ‘UNIL30’ get a 30% reward on their deposits.
To learn more about Unilabs, visit the presale, Telegram, and Twitter.
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