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Is ADA Going to $0.23? Why Analysts Are Suddenly Bearish on Cardano
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Cardano (ADA) faces renewed selling pressure, trading at $0.37 with a market cap of $13.6 billion. Its monthly MACD is bearish, indicating potential further declines, having already seen a 9% drop over the past week and a 32% decline following a similar signal in the past.
Cardano (ADA) has come under renewed pressure as key technical signals point to continued weakness. The asset is trading at around $0.37, with a market cap of $13.6 billion. Its 24-hour trading volume stands at $576 million. Over the past seven days, ADA has fallen by almost 9%, adding to a larger drawdown seen in recent weeks.
Monthly MACD Turns Bearish
The MACD on the monthly chart has crossed bearish. This signal shows a shift in momentum and is often used to track longer-term price trends. In a past instance, this same signal marked the start of an 81% drop in ADA’s value. According to analyst Ali Martinez, the current crossover has already been followed by a 32% decline.
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Coins
$ 0.334
-6.33%Share:
In This News
Coins
$ 0.334
-6.33%Share:
Read More
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Is ADA Going to $0.23? Why Analysts Are Suddenly Bearish on Cardano
Share:
Cardano (ADA) faces renewed selling pressure, trading at $0.37 with a market cap of $13.6 billion. Its monthly MACD is bearish, indicating potential further declines, having already seen a 9% drop over the past week and a 32% decline following a similar signal in the past.
Cardano (ADA) has come under renewed pressure as key technical signals point to continued weakness. The asset is trading at around $0.37, with a market cap of $13.6 billion. Its 24-hour trading volume stands at $576 million. Over the past seven days, ADA has fallen by almost 9%, adding to a larger drawdown seen in recent weeks.
Monthly MACD Turns Bearish
The MACD on the monthly chart has crossed bearish. This signal shows a shift in momentum and is often used to track longer-term price trends. In a past instance, this same signal marked the start of an 81% drop in ADA’s value. According to analyst Ali Martinez, the current crossover has already been followed by a 32% decline.
In This News
Coins
$ 0.334
-6.33%Share:
In This News
Coins
$ 0.334
-6.33%Share:
Read More
450,000,000 ADA in 2 Months: Is Cardano’s Price on the Verge of a Rally?