Cardano
Why Cardano is down 3.4% today
Analysis
Cardano (ADA) fell 3.4% over the past 24 hours as selling pressure continued following a broader pullback that saw ADA drop about 20%, with the market still digesting that dip. BeInCrypto’s analysis notes that while some “big money” reportedly bought into the decline on a potential reversal setup, the near-term price action remained weak, keeping ADA lower on the day.
Contributing Factors (1)
One Reversal Hope Explains Why Big Money Bought the 20% Cardano (ADA) Price Dip
The Cardano price fell more than 20% between January 14 and January 25, dropping to fresh local lows. On the surface, that ADA move looked bearish and uncomfortable. But under the surface, something v...
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.