Cardano Price Prediction: $100M Reinsurance Deal Hits LSE As ADA Holds $0.24

• ADA trades at $0.2529, down 2.5%, at the wedge apex with Supertrend at $0.2824 as the first resistance overhead.
• Cardano Foundation CEO revealed a Hannover Re reinsurance product tokenized on Cardano and listed on the London Stock Exchange.
• Shorts absorbed $772.12K in 24h liquidations against $460.58K for longs as OI rises 3.36% to $456.28M.

ADA drops 2.5% to $0.2529 on April 17, the same day Cardano Foundation CEO Frederick Gregaard walks into Paris Blockchain Week and announces that a Hannover Re reinsurance product has been tokenized on Cardano and listed on the London Stock Exchange.

ADA Daily Chart: Wedge Apex And The Only Level That Matters Right Now

The descending wedge from the February peak near $0.4200 has both boundaries converging at current price. The LuxAlgo Liquidity Swings indicator shows a liquidit…

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