Cardano’s native token, ADA, experienced a marked rally in the first quarter of 2024, with its price reaching a high of $0.715 in March. Despite this surge, ADA has recently seen a loss of momentum, leading to a decline in value and a stabilization in the price range of $0.4926 to $0.4409 throughout the day. […]
The post Cardano (ADA) Price Plummets Over 5% in 24 Hours Amid Bearish Signals appeared first on Coin Edition.
- ADA struggles with a bearish market, hovering near $0.4625 amid declining volume.
- Cardano’s market capitalization drops by 4.46%, indicating decreased activity.
- ADA’s bearish trend persists as technical indicators hint at strong selling pressure.
Cardano’s native token, ADA, experienced a marked rally in the first quarter of 2024, with its price reaching a high of $0.715 in March. Despite this surge, ADA has recently seen a loss of momentum, leading to a decline in value and a stabilization in the price range of $0.4926 to $0.4409 throughout the day. According to CoinStats data, the token hit an early intraday low but subsequently recovered slightly, stabilizing above this low point.
As of press time, ADA was trading at $0.4625, marking a 5.75% decrease over the last 24 hours. This reflects ongoing challenges for ADA as it struggles to regain its previous high values. However, compared to Bitcoin, ADA has demonstrated resilience and stability, showing a relative increase of 1.06%, which could suggest a stronger base for potential future growth.
ADA/USD 24-Hour Chart (Source: CoinStats)
On the other hand, ADA’s market capitalization has experienced…
The post Cardano (ADA) Price Plummets Over 5% in 24 Hours Amid Bearish Signals appeared first on Coin Edition.
