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What's Next for Cardano Price After 25% Weekly Decline?

source-logo  coingape.com 06 August 2024 08:01, UTC

Cardano price plunged over 10% during Monday’s trading, teasing a bearish breakdown below the psychological $0.3 level. The intensified selling pressure, spurred by a 12% drop in the Japan index and growing recession fears, contributed to a bloodbath in the crypto market. While the bearish momentum softened during U.S. trading hours, major altcoins have yet to show signs of forming a bottom.

coingape.com