- ADA’s price has dropped 1.66% over the last 24 hours.
- The altcoin has broken below its multi-week consolidation channel.
- Dan Gambardello believes that ADA’s price could drop to as low as $0.08 if it crashes
The price of Cardano (ADA) has dropped 1.66% over the last 24 hours, according to CoinMarketCap. This has also contributed to the altcoin’s negative weekly performance. Currently, ADA’s price is down 4.65% over the last seven days. As a result, the price of ADA stands at $0.2992 at press time.
ADA has been able to strengthen against the two crypto market leaders, Bitcoin (BTC) and Ethereum (ETH), by 0.20% and 0.03%, respectively. The daily trading volume for ADA has also dropped over the last 24 hours and now stands at $205,787,565. This is 11.53% lower than the previous 24-hour cycle.
The post ADA’s Price Breaks Below Its Multi-Week Consolidation Channel appeared first on Coin Edition.