Cardano
Why Cardano is down 2.2% today
Analysis
Cardano (ADA) fell about 2.2% over the past 24 hours as traders reacted to a bearish technical setup highlighted in a recent analysis, which warned that any rebound could struggle to hold below the $0.37 level. BeInCrypto noted multiple downside risk factors that could cause price bounces to fail, reinforcing near-term selling pressure and caution around attempted recoveries.
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.