Why is Cardano price down today?

Quick Summary:

Source: CoinGlassHistorically, assets with declining open interest struggle to maintain upward momentum, as there’s less capital and enthusiasm to drive prices higher. For ADA, this could mean that even minor selling pressure could trigger a cascade of liquidations, especially if leveraged positions are unwound, driving prices lower. ADA price risks more losses without renewed interest from institutional or retail traders.

ADA futures data shows bearishness Another factor hampering ADA’s price is the lack of enthusiasm in its derivatives market, evidenced by low open interest and weighted funding rates. Key takeaways:ADA funding rates have been stuck below zero over the last four weeks.

Cardano's (ADA) price continued its downtrend on March 31, down 4.5% over the last 24 hours to trade at $0.6529. The altcoin is down 10% over the last seven days and 45% from the March 2 high of $1.19.ADA/USD daily chart.

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Article Details

Author / Journalist: Cointelegraph by Nancy Lubale

Category: Crypto

Markets: United States

Topics: Why is Cardano price down today? Why is ADA price down? Cardano ADA price

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-31 @ 09:26:15 (1 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 203 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 19 words per sentence (average)

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

Copyright Owner: © Coin Telegraph

News ID: 27467366

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About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 55 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 7 hours ago

Coverage Areas: United States

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Publisher ID: #11

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