CandleFocus Cardano (ADA) Price Plummets as Benjamin Cowen’s Bearish Prediction Comes True
2024-10-26
Author: Content Editor
Crypto analyst Benjamin Cowen's bearish prediction about Cardano (ADA) has proven to be accurate as ADA's price dropped 3.75% in the past 24 hours as Bitcoin fell. ADA has lost its 10th position in the market and is now the 11th-largest digital asset with a valuation of $11.58 billion. ADA's trading volume has also increased by 80.38% in the past 24 hours, indicating that most traders are selling. ADA is down 89.31% from its all-time high in 2021. The blockchain network is working towards a more decentralized model with the Chang hard fork and Voltaire upgrade. The RSI indicator suggests a potential short-term spike in buying pressure, but ADA faces resistance at $0.37 and $0.40. ADA's nearest support is between $0.30 and $0.31. It's important to note that this information is for informational purposes only and does not constitute financial advice.
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