$ADA Cardano is trading near the minimum values of the current year. Over the past 30 days, the asset has lost about 24% in value, and the daily decline amounted to around 5%. Quotes have stabilized around the mark of $0.37. Analysts are concerned not so much about the depth of the drop but about the nature of the price movement, which confirms the persistence of the downward trend.
ADAUSDT
Perp
0.3958
+2.91%
Over the past two months, two consecutive continuation patterns of the decline have formed on the chart. This creates additional pressure on the market and increases the likelihood of reaching lower price levels.