Flow

Cardano

Future

Arbitrum

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/how-are-ada-and-arb-performing-in-the-market/" data-wpel-link="internal">How Are ADA and ARB Performing in the Market?</a> 
IntoTheBlock recently reported that <a href="https://en.coin-turk.com/cardano-ada-coin-latest-updates-and-future-predictions/" data-wpel-link="internal">Cardano</a> (<a href="https://en.coin-turk.com/experts-predict-bullish-future-for-cardano-ada-with-price-consolidation/" data-wpel-link="internal">ADA</a>) and Arbitrum (ARB) appear to be the two Layer-1 (L1) and Layer-2 (L2) crypto assets with the highest number of investors experiencing losses. According to the on-chain data provider, 60% of ADA holders are at a loss, while 83.43% of ARB investors are in the red. 
<h2 style="text-align: justify" id="cardano-ada-reviews-and-outlook">Cardano (ADA) Reviews and Outlook</h2> 
Both cryptocurrencies have seen a noticeable decline in value over the past month. According to data provided by CoinMarketCap, ADA’s price fell by 30% during the last 30 days, while ARB lost 35% of its value in the same period. 
ADA’s price movement over the last three days was analyzed using a chart, which indicated a possibility of further decline. The analysis showed that the cryptocurrency’s price had fallen below its 20-day and 50-day moving averages (MA) at the beginning of April. 
When a cryptocurrency falls below its MAs, it is generally interpreted as a downward development in momentum. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-346789" src="https://coin-turk.com/wp-content/uploads/2024/05/0-88-coin-turk-com.png" alt="" width="585" height="298"> 
An analysis of ADA’s Relative Strength Index (RSI) and Money Flow Index (MFI) shows a decrease in market demand for ADA. At the time of writing, ADA’s RSI value was 35.60, while its MFI value was 32.13. 
These indicators reflect that selling activity among ADA traders is more prevalent than accumulation behavior. Additionally, ADA’s double-digit price drop last month has now pushed it below the support level of $0.44. 
A descending triangle formation, typically aligned with expectations of a bullish breakout, could result in a price drop to $0.26 if a bearish outlook develops. However, if bulls can regain control, the cryptocurrency could rise to $0.88. 
<h2 style="text-align: justify" id="the-future-of-arbitrum-arb">The Future of Arbitrum (ARB)</h2> 
As of this writing, ARB is trading at $1.01. A daily chart analysis shows a significant drop in demand. The RSI and MFI indices continue to be seen below the neutral level. 
The market’s bearish outlook is reflected by the Elder-Ray Index, which shows a negative value for the altcoin, indicating that bears are dominating the market. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-346788 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/arb-alt-coin-turk-com.png" alt="" width="584" height="269"> 
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<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/how-are-ada-and-arb-performing-in-the-market/" data-wpel-link="internal">How Are ADA and ARB Performing in the Market?</a></h5>

How Are ADA and ARB Performing in the Market?

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