Cardano Decreases More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Cardano (ADA) has experienced a 4.8% price drop in the last 24 hours, continuing a week-long decline of 7.0%. Trading volume has decreased by 31.0%, and the circulating supply has slightly decreased by 0.16%. ADA's market cap is currently ranked #11 at $14.55 billion.
July 23, 2024 | 7:00 pm
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NEGATIVE IMPACT
Cardano (ADA) has seen a 4.8% price drop in the last 24 hours and a 7.0% decline over the past week. Trading volume has decreased by 31.0%, and the circulating supply has slightly decreased by 0.16%.
The significant price drop and decrease in trading volume indicate a bearish trend for Cardano (ADA) in the short term. The decline in circulating supply is minimal but adds to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100