The post Cardano (ADA) Price Prediction for March 4 appeared first on Coinpedia Fintech News
ADA, the native token of the Cardano blockchain, has experienced significant volatility over the past 48 hours. This price fluctuation has led to millions of dollars in liquidations, according to on-chain analytics firm Coinglass.
Cardano (ADA) Liquidations
Data shows that a total of $40.80 million worth of ADA positions were liquidated in the last 24 hours. Of these liquidations, $30 million came from the long side, while $11 million came from the short side.
Current Price Momentum
As a result, ADA has recorded a 25% price drop in the past 24 hours and is currently trading near $0.81. Due to this significant price fluctuation, its trading volume has dropped by 30%, indicating lower participation from traders and investors compared to previous days.
Cardano (ADA) Technical Analysis and Upcoming Levels
With the notable price drop, ADA has reached a crucial support level of $0.80.
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