Cardano Falls More Than 9% In 24 hours
Portfolio Pulse from Benzinga Insights
Cardano (ADA) has experienced a significant price drop of 9.94% in the past 24 hours, continuing a week-long decline of 22.0%. Trading volume has surged by 256.0% over the past week, while the circulating supply has slightly increased. ADA's market cap is currently ranked #11 at $11.07 billion.
August 05, 2024 | 7:03 pm
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NEGATIVE IMPACT
Cardano (ADA) has seen a sharp decline of 9.94% in the past 24 hours, continuing a 22.0% drop over the past week. Trading volume has increased significantly by 256.0%, indicating heightened market activity.
The significant price drop and increased trading volume suggest a bearish sentiment among investors. The continued decline over the past week indicates sustained negative momentum, likely leading to further short-term price decreases.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100