Cardano falls 3.35% in 24 hours, now trading at $0.964, with a seven-day return of -8.61%.
A double-top pattern suggests potential testing of $0.90 and $0.82 support levels.
Broader market pullback adds selling pressure, while a bullish reversal remains possible if key levels hold.
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. Currently trading at $0.964, Cardano’s market cap stands at $33.90 billion.
Cardano Price Analysis: Support and Resistance Levels
On the daily chart, Cardano’s price action reflects a clear break below the $1 mark. This pullback from the $1.10 zone has completed a double-top reversal pattern, increasing bearish sentiment.
At present, ADA is trading at $0.9657, marking its second consecutiv
We współpracy z: https://thenewscrypto.com/cardano-drops-below-1-will-sellers-target-lower-support-levels/
