Cardano's ADA Falls 3.10% to $0.239, Tests Key SMA-30 Support
- —Price at $0.2395, down 3.10% on the day from a $0.2472 open
- —Volume of $418.13 million, 31.23% below the 30-day average
- —Trading below VWAP and the 5, 7, 10, 15 and 20-day SMAs, but above the 30, 50, 90 and 200-day SMAs
- —Up 15.63% over 30 days and 46.34% over 90 days, but down 11.18% on the week
Why it matters: The decline lacks volume confirmation, but ADA needs to reclaim its VWAP to signal that the pullback is over.
Source: DiarioBitcoin