Cardano Drops Below $1: Will Sellers Target Lower Support Levels?

Quick Summary:

Cardano has failed to maintain its position above the critical $1 level, marking a 3.35% decline over the past 24 hours.

The altcoin’s seven-day return has now dropped to -8.61%, as broader market weakness pulls the total crypto market cap (excluding Bitcoin and Ethereum) down by 1.62% to $1.05 trillion.

On the daily chart, Cardano’s price action reflects a clear break below the $1 mark.

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Article Details

Author / Journalist: Vignesh k

Category: Crypto

Markets: United Arab Emirates

Topics: Cardano ADA Investing News Editors News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-23 @ 19:30:00 (17 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 317 words

Reading Time: 2 minutes read

Sentences: 26 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 25385338

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 31 posts per day

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Headquarters: United Arab Emirates

News Last Updated: 13 hours ago

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