Cardano's ADA drops 4.12% to trade below all 12 moving averages
- —ADA trades at $0.1978, 24-hour range $0.1956–$0.2101
- —Weekly decline 12.21%, 30-day drop 20.02%
- —All 12 moving averages between $0.2095 and $0.2309 sit above spot
- —RSI (14) is neutral on 5-minute, hourly and daily charts
Why it matters: Trading below every moving average with neutral RSI leaves little technical support; ADA needs to reclaim $0.21 to signal a reversal.
Source: TokenPost