• The total value of Cardano has plummeted in May.
• Cardano is still enduring the crypto market’s bearish trend.
• The “Ethereum-killer” has broken below $0.50, posing a greater risk of a 50% correction.

In the last week of May, the total value locked of Cardano fell as dApp interest and a worldwide cryptocurrency market downturn reduced investor enthusiasm. ADA has just dropped below the $0.50 support level in recent hours, implying a potential 50% decline to $0.25.

A breach of $0.40 is required to invalidate the current uptrend scenario. If the bears can breach this level, the $0.20 mark could be reinstated, resulting in a 60% drop from today’s ADA price.