Cardano

Coin

<ul class="wp-block-list news-points">
 <li>Cardano (ADA) drops out of the top 10 cryptocurrencies as its price falls to $0.3309.</li>
 <li>Despite a 16.57% surge in trading volume, ADA struggles to recover its lost value.</li>
 <li>Cardano faces bearish sentiment, with technical indicators pointing to further declines.</li>
</ul>  
Cardano (ADA) slipped from the top 10 cryptocurrencies by <a href="https://coinmarketcap.com/currencies/cardano/" target="_blank" rel="noopener noreferrer nofollow">market cap</a> and the price dropped to $0.3309. At the same time, bearish technical indicators and increased trading volume clearly signals market uncertainty.  
This decline is worrying for investors and traders who are keeping a close eye on the coin’s performance.  
At press time, ADA was trading at <a href="https://coinmarketcap.com/currencies/cardano/" target="_blank" rel="noopener noreferrer nofollow">$0.3309</a>, marking a 2.29% drop in the last 24 hours. Even though trading volume increased by 16.57%, the price has struggled to stay steady. This market activity suggests there is interest, but it has not led to positive price movement.  
<figure class="wp-block-image aligncenter"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXc9mVSB_0xRx0fVWhdkylotgbTRWliKs31T7bALA_Ohoh9cyshPNbXFC6ARnZa_OqBjSX7J2cJxQak2pi5ttMLBinCiffE5BghcsHj0lfnLHA3lbhz7bW9bZciYXVcNRrhROe5rISzOnm2KqCBTtibtgTxH?key=QA_MrXx4VsRwj4sOpeT19g" alt="">
</figure>  
ADA’s recent price action has been bearish. The daily chart shows ADA trading below its 200-day moving average. This technical indicator often signals a bearish trend, possibly explaining the lack of upward momentum in ADA’s price. Also, the Relative Strength Index (RSI) sits at 40.22. An RSI below 50 of…
The post <a href="https://coinedition.com/cardano-slips-from-top-10-ada-price-under-pressure/" rel="noopener noreferrer nofollow">Cardano Slips from Top 10: ADA Price Under Pressure</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Cardano Slips from Top 10: ADA Price Under Pressure

Coin Edition

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