Cardano is at risk of falling 8% if it fails to hold above the critical $0.37 support line. Indicators on the altcoin’s chart currently point to a bearish outlook, with buying momentum waning. Data from the cryptocurrency’s order books suggest buy movements have decreased and sell pressure has increased. This could potentially push ADA below the $0.35 level in the coming days, unless demand increases and buying momentum picks up on this altcoin.
Alina Sanders
- 2023-04-24
Is Cardano Nearly done Falling?
Cardano (ADA) is in a precarious position, with indicators showing a drop in buying momentum and rising sell pressure. Unless demand increases and buying momentum picks up, ADA may dip below the $0.35 level.
