Cardano
Why Cardano is down 2.5% today
Analysis
Cardano (ADA) fell about 2.5% over the past 24 hours as bearish technical sentiment weighed on the token, with traders reacting to signs that any rebound may struggle to hold below the $0.37 resistance area. BeInCrypto’s analysis highlighted multiple factors suggesting bounces could fail under $0.37, reinforcing near-term downside pressure.
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.