Is ADA a 'Dead Coin'? Cardanos Price Struggles Uphill

Cardano price struggles to break above key moving averages currently acting as resistance points. The hype around the Chang hard fork upgrade may have failed to elicit the anticipated volatility in price. Bitcoin’s price volatility on August 14 caused ADA’s price to slide lower; however, the asset quickly recovered. Cardano’s spot trading data reveal bearish sentiment on the asset, which is further exacerbated by a stagnant userbase.