Cardano
Why Cardano is down 1.0% in the last hour
Analysis
Cardano (ADA) slipped about 1.0% over the past hour as bearish sentiment persisted following reports that ADA hit a 3-year low and even lost its top-10 market cap ranking, which can amplify near-term selling pressure. AMBCrypto’s latest price analysis highlighted the severity of the downtrend, likely contributing to continued weakness in the short timeframe.
Contributing Factors (1)
Cardano loses top-10 spot as price hits 3-year low – What should traders do next?
Both in terms of price and activity, Cardano is down in the dumps.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.