Cardano Slides Below $0.70 as Traders Shift to Rising DeFi Token MUTM

Cardano (ADA) has fallen below the $0.70 support level, triggering bearish reversal signals and prompting caution among investors [1]. The price decline marks a key technical breakdown, as ADA slips beneath recent support at $0.78, reinforcing concerns over continued downward momentum. The formation of a bearish head-and-shoulders pattern suggests the potential for further correction toward $0.67–$0.70 if this level fails to hold. While some technical models project a short-term rebound between $0.75–$0.80, others warn that a sustained break below $0.78 could lead to extended market consolidation or a deeper price correction.

Amid the broader altcoin market's struggles, a shift in investor attention is emerging toward Mutuum Finance (MUTM), a DeFi platform offering real-world asset lending infrastructure. MUTM is currently in Presale Phase 6, with the token price at $0.035—a 16.67% increase from the previous phase. The next phase will see a further 14.29% increase to $0.04, with investors who purchase at this stage potentially securing a 71.43% return on investment when MUTM launches at $0.06. To date, the presale has raised more than $13.8 million and attracted over 14,700 unique investors.

Mutuum Finance differentiates itself with a dual-lending system that allows users to earn stable passive income through USDT lending. The platform also facilitates direct swaps between lenders and borrowers, removing intermediaries—a feature particularly appealing for users engaging with less stable assets. The project is underpinned by a CertiK audit, achieving a 95.0 trust score, and has launched a $50,000 USDT bug bounty program to enhance security.

To further incentivize early adoption, Mutuum Finance has introduced a $100,000 giveaway, which will reward 10 winners with a total of $10,000 in MUTM tokens. These initiatives underscore the growing interest in MUTM, as traders look to position capital in projects with clear utility and strong fundamentals.

As ADA faces bearish pressure and technical challenges, the market is showing a growing appetite for high-potential DeFi tokens like MUTM. With over $13.8 million raised and a robust security framework, Mutuum Finance is attracting a diverse investor base seeking exposure to emerging opportunities in the crypto space.

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[1] ADA bearish reversal signals drop below $0.70, but traders are positioning with MUTM

https://invezz.com/news/2025/08/02/ada-bearish-reversal-signals-drop-below-0-70-but-traders-are-positioning-with-mutm/