Cardano (ADA) has struggled over the past week, declining nearly 10% amid broader market downturns. However, a deeper look at on-chain metrics reveals that ADA’s price drop is largely driven by a sharp decline in whale activity. With mounting selling pressure and weakening investor confidence, ADA is at risk of
Cardano has faced challenges regaining bullish momentum, with the altcoin repeatedly failing to break through the $1.13 resistance level. After two corrections this month, ADA remains subdued despite a generally bullish sentiment in the broader cryptocurrency market. Optimistic long-term holders, however, continue to hold onto their positions, lending stability to
Cardano has failed to maintain its position above the critical $1 level, marking a 3.35% decline over the past 24 hours. The altcoin’s seven-day return has now dropped to -8.61%, as broader market weakness pulls the total crypto market cap (excluding Bitcoin and Ethereum) down by 1.62% to $1.05 trillion.
Cardano’s recent market behavior presents an interesting case study in shifting market sentiment. The cryptocurrency’s sideways price action has triggered a notable change in trader positioning, with futures market participants increasingly taking bearish stances through short positions, suggesting growing skepticism about near-term price appreciation. Understanding Cardano Market Psychology The convergence
Cardano (ADA) led today’s crypto market gains, climbing by 8.52% in the past 24 hours. It briefly reached $1.03 before retreating to $1.00. The global crypto market cap stands at $3.3 trillion, reflecting a 0.48% increase over the past day. However, the total crypto market volume fell by 47.64% to
Cardano’s market structure has experienced significant deterioration as panic selling pushes the cryptocurrency below crucial support levels. The 15% decline over 48 hours represents more than just a price drop – it signals a fundamental shift in how investors view Cardano’s near-term prospects. Understanding Cardano Selling Pressure The dramatic spike
Cardano (ADA) has experienced a volatile week. Its price dipped to a low of $0.91306, marking a 6% drop in the past 24 hours. Despite this downturn, trading volume surged by 25%, indicating increased market activity. Over the past month, ADA has declined by 7%, but a 15% rally in
The bullish trace in the crypto market vanishes, with the assets slipping back to their former lows. Bitcoin (BTC) trades at the $96K mark and Ethereum (ETH) at $3.3K. Focusing on altcoins, Cardano (ADA) has recorded a loss of over 8.59% in the past 24 hours. ADA opened the day
After an impressive 25% surge that broke through a key descending triangle pattern, Cardano’s upward momentum has hit a wall. The cryptocurrency now finds itself in a period of consolidation that could determine its next major move, with technical indicators suggesting growing caution among market participants. Cardano’s Technical Crossroads The
Cardano (ADA) has recently captured the attention of the cryptocurrency market with a notable price surge. It reached a 16-day high of $1.03, reflecting an 8% gain in the past 24 hours. The trading volume climbed by 5% within the same period, signaling renewed market interest. Over the past week,
