Cardano [ADA] has been reporting a decline in the last 30 days. Over the last seven days, it has reported a 7.43% price decline.
has been reporting a decline in the last 30 days. Over the last seven days, it has reported a 7.43% price decline. ADA was trading at $0.4074 at press time with a 24-hour volume increase of 15.32% to $213 million.AMBcrypto’s analysis showed that ADA is set to breakdown. The move below $0.406 will create another support level.
If a reversal occurs at $0.403, the shift will drive prices to $0.487. However, the current market trend is bearish and seems sustained to continue.In fact, ADA has a negative CMf of -0.15 at press time, showing increased selling pressure. Generally, when there is a negative CMF, it implies a solid bearish trend that might continue.ADA market sentiments
Equally, Santiment’s data on ADA”s total open interest in USD indicates reduced trading activity. Decreased open interest shows fewer trades in future markets, leading to thin order books.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cardano: Despite interest in key area, why did ADA decline?Cardano joined the list of the top-trending cryptocurrencies recently, but that was not enough to impact ADA's price.
Read more »
Cardano’s troubling future outlook: Will ADA plunge to $0.38?Activity on the Cardano [ADA] has plummeted to a three-month low, according to on-chain data. Before coming to this conclusion
Read more »
Cardano: Only 30% ADA holders in profit – What happens next?Cardano sees strong on-chain support despite a huge proportion of holders experiencing losses. Will ADA rise as well?
Read more »
Cardano’s 6% drop makes NOW the best time to buy ADA, here’s whyCardano’s [ADA] 6% price decline in the past seven days has presented a buying opportunity for those looking to trade against the market.
Read more »
Cardano faces resistance at $0.44-$0.49: Will ADA drop to $0.42?Cardano [ADA] has erased 6.11% of its gains in the last 30 days. However, AMBCrypto found that the token could be on the brink of another
Read more »
Why Cardano’s developments have not helped ADA’s priceAfter a massive price rise in the last 24 hours, Cardano's [ADA] price registered a decline, as did its development activity
Read more »