ADA’s price falls below its multi-week consolidation channel.

CoinMarketCap says that the price of Cardano (ADA) has dropped by 1.6% in the last 24 hours. This has also hurt bitcoin’s performance over the past week. The price of ADA has gone down 4.65% in the last week. Because of this, the price of ADA at press time is $0.2992.

ADA has gained 0.20% and 0.03% against Bitcoin (BTC) and Ethereum (ETH), which are the top two cryptocurrencies on the market. Over the past 24 hours, ADA’s daily trading volume has also gone down and is now at $205,787,565. This is 11.53 percent less than the last 24-hour period.

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The price of ADA broke below its multi-week consolidation channel. This article originally appeared on Coin Edition.

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