Cardano Falls More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Cardano's (CRYPTO: ADA) price has decreased by 3.78% over the past 24 hours to $0.51, marking a continuation of a downward trend over the past week with a 13.0% drop from $0.58. The trading volume has decreased by 79.0%, while the circulating supply has slightly increased. Cardano's market cap ranking is currently #9 at $17.84 billion.
January 18, 2024 | 7:02 pm
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Cardano (ADA) has experienced a significant price drop of 3.78% in the last 24 hours, and a 13% decrease over the past week, with a concurrent 79% drop in trading volume.
The price of Cardano has seen a notable decrease, which is typically a bearish signal for traders and may lead to short-term negative sentiment. The significant drop in trading volume could indicate a lack of buyer interest at current levels, potentially leading to further price declines in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100