Cardano CEO Urges Calm as ADA Crashes to 2020 Lows

ADA

ADA/USDT

$0.2176

+3.87%

$0.2176

+3.87%

(24s)

24h Volume

$214,228,897.37

24h H/L

$0.2194 / $0.2091

Change: $0.0103 (4.93%)

Long/Short

70.4%

Long: 70.4%Short: 29.6%

Funding Rate

+0.0015%

Longs pay

Data provided by COINOTAG DATALive data

Cardano

Daily

$0.2165

▲ 2.51%

Volume (24h): -

Resistance Levels

Resistance 3$0.2584

Resistance 2$0.2447

Resistance 1$0.2260

Price$0.2165

Support 1$0.2125

Support 2$0.1946

Support 3$0.1844

Pivot (PP):$0.2159

Trend:Sideways

RSI (14):58.9

BeInCrypto Editorial

(05:55 PM UTC)

1 min read

Updated bySarah Chen

0 comments

Cardano (ADA) fell about 15% in 24 hours to near $0.16 on Friday, its lowest level since late 2020, extending a selloff that has erased roughly 30% of its value in a week.

The drop left ADA ranked 17th by market value, with its market capitalization slipping below $6 billion. Cardano Foundation CEO Frederik Gregaard urged investors to look past short-term price action, but can they?

Cardano Price…