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Technical Indicators for ADA Suggest Its Price Will Keep Falling

Published 12/29/2022, 03:25 AM
Updated 12/29/2022, 03:30 AM
Technical Indicators for ADA Suggest Its Price Will Keep Falling
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  • The price of ADA has dropped 2.34% over the last 24 hours.
  • ADA has also weakened against BTC and ETH.
  • Technical indicators remain bearish for the Ethereum killer.

As the crypto market continues to bleed, the last 24 hours have seen prices across the board drop. One such project that has seen its price fall during this time period is Cardano (ADA). According to the crypto market tracking website, CoinMarketCap, the price of ADA has declined 2.34% over the last 24 hours, taking its price down to $0.2457, at press time.

In addition to weakening against the US Dollar, ADA has also weakened against the two crypto market leaders, Bitcoin (BTC) and Ethereum (ETH), by 2.07% and 2.43%, respectively. The 24-hour price drop for ADA has added to the altcoin’s negative weekly performance. Currently, ADA’s price is also down 2.67% over the last 7 days.

The post Technical Indicators for ADA Suggest Its Price Will Keep Falling appeared first on Coin Edition.

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