$ADA Cardano is facing significant challenges ahead of Charles Hoskinson’s roadmap reveal at the Buenos Aires Cardano Summit

Here are the key points to consider:

1. Potential price drop: Cardano's price could drop 17% if sell pressure continues, following a weekend decline that abandoned its breakout attempt.

2. Roadmap reveal: Hoskinson, the founder of Cardano, is set to unveil the post-Voltaire roadmap at the summit. However, this announcement has not yet translated into positive price action, with ADA dropping 2.1% in the last 24 hours to $0.3853.

3. Current market sentiment: The liquidation map shows that shorts significantly outnumber longs, with 9.16 million in shorts versus 4.35 million in longs. This imbalance suggests a prevailing bearish sentiment.

4. Support levels: Traders are closely watching a strong support zone approximately 18% below the current price, around $0.31. This level is critical as it aligns with recent price rejections and the 200-day exponential moving average (EMA).

5. Possible scenarios:

- If the price drops below the 50-day EMA at $0.36, it may fall to $0.31.

- A bounce from the 50-day EMA might occur, but if it fails to break through the 200-day EMA, it could lead to a double-top bearish reversal, potentially driving the price down to $0.25.

As we await the roadmap reveal, all eyes will be on Cardano's price action and market sentiment in the coming days

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