Cardano Decreases More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
Cardano's (CRYPTO: ADA) price has decreased by 5.81% over the past 24 hours to $0.26, continuing its downward trend over the past week. The trading volume has climbed 85.0% over the past week, moving in tandem with the overall circulating supply of the coin, which has increased 0.23%. The current market cap ranking for ADA is #8 at $9.21 billion.
August 30, 2023 | 3:00 pm
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NEGATIVE IMPACT
Cardano's price has decreased by 5.81% over the past 24 hours, and its trading volume has increased by 85% over the past week.
The decrease in Cardano's price and the increase in its trading volume indicate a bearish trend. This could potentially lead to further price drops in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100