Cardano price plummeted 0.60% in the last 24 hours to trade below the crucial $0.25 support level, losing over 5% in the past week.
Current prices are $BTC at $76,900 with 0% change, $ETH at $2,111 with 0% change, $BNB and $SOL also seeing minimal movement. The crypto market sentiment is slumping with $BTC and $ETH under pressure.
The latest dip in Cardano price came amid a warning from Charles Hoskinson about Science Coin, which has spooked investors, with ADA trading volume increasing sharply across major exchanges, a decline of 0.60% in the past 24 hours, and trading below the key $0.25 support level. The warning has significant implications for the crypto market. The price action is a clear indication of a bearish trend.
Support at $0.20. Resistance at $0.30.
Bearish call with a target price of $0.22.