Markets· ★★· bearish·

Cardano (ADA) drops 4.61% and retests support levels

  • —ADA at $0.2431, below SMA-7 and SMA-15 but above SMA-20 and SMA-200
  • —Volume of $239.76 million is 58.44% below the 30-day average
  • —RSI at 55.1 and negative MACD histogram signal mixed momentum
  • —Cardano market cap stands at $8.94 billion
Why it matters: ADA holds above long-term averages, but thin volume and a break below short-term SMAs point to further downside risk.
#ADA
Source: DiarioBitcoin
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