Cardano's ADA drops 7.51% on October 13, trades below short-term averages
- —ADA down 7.51% to $0.2347, market cap at $8.63 billion
- —Daily volume of $557.75 million is 10.04% below the 30-day average
- —Price below 7-, 15- and 30-day SMAs, still above 50-, 90- and 200-day
- —ADA is down 66.24% over 52 weeks and 29.27% year-to-date
Why it matters: As long as the 50-day average holds, the drop looks like a correction rather than a reversal; a break of $0.228 would add pressure.
Source: DiarioBitcoin