ADA’s technical indicators suggest that its price will keep going down.
As the crypto market continues to lose money, prices have gone down across the board in the last 24 hours. Cardano is one of these projects whose price has gone down during this time (ADA). CoinMarketCap, a website that tracks the cryptocurrency market, says that the price of ADA has dropped by 2.34% in the last 24 hours, bringing it down to $0.2457 at press time.
In addition to losing value against the US dollar, ADA has lost 2.07% and 2.43% of its value against Bitcoin (BTC) and Ethereum (ETH), which are the top two cryptocurrencies on the market. The 24-hour drop in ADA’s price has made the altcoin’s already bad week even worse. ADA’s price has also gone down by 2.67% in the last week.
Related: ADA’s price falls below its multi-week consolidation channel.
The price of ADA is likely to keep going down, according to technical indicators. This post was originally published on Coin Edition.