Cardano (ADA) drops 7.41% to $0.235, tests key support
- —ADA fell 7.41% on the day and 7.60% over the week to $0.235
- —Price sits below SMA-7, SMA-15 and SMA-30 but above SMA-50 ($0.2281) and SMA-200 ($0.2127)
- —Daily volume of $557.87 million is 10.02% below the 30-day average
- —RSI at 47.2 and stochastic at 18.2 signal selling pressure without guaranteeing a bounce
Why it matters: Holding the $0.2325 support will determine whether ADA stabilizes or extends losses alongside the broader market pullback.
Source: DiarioBitcoin