Cardano
Why Cardano is down 5.4% today
Analysis
Cardano (ADA) fell 5.4% over the past 24 hours as bearish technical conditions kept rallies from gaining traction, with sellers defending the $0.37 area. BeInCrypto noted that multiple factors could cause any ADA bounce to fail below $0.37, which likely reinforced near-term downside pressure and prompted traders to fade rallies.
Contributing Factors (1)
3 Reasons Why Every Cardano Price Bounce Might Fail Under $0.37
The Cardano price has bounced again, but the outcome looks familiar. Since January 20, ADA climbed roughly 7%, briefly pushing higher before stalling and settling near $0.35. This was not a breakout....
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.