Cardano Joins The Red Screen – How ADA Fell To $0.45 Over Last 24 Hours

Name	Symbol	Market	Market Cap ($)	Algorithm
Cardano	ADAUSD	Crypto	15,783,844,674	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Cardano

ADAUSD

Crypto

15,783,844,674

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.0095	2.16%	0.4499	0.4497	0.4499

Price Change

Price Change %

Current Price

Bid Price

Offer

0.0095

2.16%

0.4499

0.4497

0.4499

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.4573	0.4179	0.4403	0.4404	0.216009 - 0.810200

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.4573

0.4179

0.4403

0.4404

0.216009 - 0.810200

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	00:56:01	0.375395	0.4497	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

00:56:01

0.375395

0.4497

USD

Price x Volume	Volume	Base Symbol	Related Pairs
15,589,637.25	35,524,484.74	ADA	ADAEUR	ADAGBP	ADABTC

Price x Volume

Volume

Base Symbol

Related Pairs

15,589,637.25

35,524,484.74

Cardano Joins The Red Screen – How ADA Fell To $0.45 Over Last 24 Hours

26/07/2022 6:05pm

NEWSBTC

Cardano (ADA) is all flushed today as it plunged by 6% compared to yesterday’s high of $0.53. While it remains to hover above the 50-day moving average, ADA may drop further down by $0.45 in the next 24 hours as the bears take control of the market. ADA has a fantastic weekend as it glided way up to $0.52 on July 24. However, the coin slid to $0.48 as a result of the issues involved in the Vasil upgrade. ADA bulls are trying to touch the $0.55 resistance level hoping to make a grand comeback but if it plummets to $0.45, then bulls would need to try harder. Suggested Reading | Cardano (ADA) Spikes 8%, Overtakes XRP In Last 24 Hours Cardano Bearish Movement Similar To Bitcoin’s Bitcoin movement has capsized similarly to Cardano’s bearish movement. Bitcoin has currently plunged below the $22,000 zone showing a drop of 4%. More so, Ethereum also dropped by 5% or $1,500 in price. All other major altcoins also plummeted in price. Dogecoin dipped to $0.06, Ripple plunged to $0.34, Polkadot lost 5%, and Solana slid further down by 6%. As seen in the recent 24-hour candlestick chart, Cardano’s price is forming the Evening Star pattern. It has rallied over the weekend hovering at $0.53 but ADA succumbed to the bears and registered a low price point as depicted in the past 48 hours. While the price looks favorable and is on top of the 50-day moving average, it has somewhat slipped into a dangerous coma at $0.493. Cardano RSI has moved further down to 50.96 from 58.22 in just a few hours which indicated a decline in market valuation. This also confirms ADA’s bearish momentum. More so, the coin’s trading volume also dropped by 33% overnight which implies that is very minimal buying action taking place. Additionally, its MACD or moving average convergence divergence curve also shows to be shooting for a bearish forking. ADA total market cap at $15.4 billion on the daily chart | Source: TradingView.com ADA Bulls To Tilt Market Dynamics ADA price can dangerously go down to $0.47 in the next couple of hours. With that in mind, ADA price will need to hold onto dear life at the support line of $0.45 to retain its bullish momentum in the market. The entire crypto market has been dominantly bearish for the past few days and Cardano has been devalued excessively with the next support level down at $0.457. The past week for Cardano has shown a somewhat zigzag pattern in terms of price action but now it seems the bears have dominated the market. ADA has shaved off as much as 5.74 in value. With the increased volatility happening and the bearish pressure mounting, more downturns are expected. Currently, the bulls are trying to overpower the bears but the bulls will need to hold on to the support line to tilt the market dynamics in their favor. Suggested Reading | TRON Bulls Are Back To Pump Some Energy Into TRX Coin Featured image from Portal do Bitcoin, chart from TradingView.com

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ADAUSD Cardano