Cardano (ADA) drops 5.76% to $0.2376, tests key SMA-30 support
- —ADA trades 92.33% below its all-time high of $3.09 set in September 2021
- —Price sits below SMA-7, SMA-15 and SMA-20 but holds above the SMA-30 at $0.2349
- —Daily volume of $679.8 million is 10.58% above the 30-day average
- —ADA futures open interest fell 15.7% over two days, per an external report
Why it matters: Holding the SMA-30 and the $0.2324 level will determine whether ADA stabilizes or extends losses toward lower supports.
Source: DiarioBitcoin