Cardano's ADA drops 7.28% to test support below all major moving averages
- —ADA trades at $0.1917, down 7.28% on the day
- —Volume of $482M is 7.14% above the 30-day average
- —Price sits below the 7-, 15-, 30-, 50-, 90- and 200-day SMAs
- —RSI at 31.2 and stochastic at 4.4 point to oversold conditions
Why it matters: Whether ADA holds current support will determine if a technical rebound follows or the downtrend extends further.
Source: DiarioBitcoin