Cardano CEO Urges Calm as ADA Crashes to 2020 Lows

ADA

ADA/USDT

$0.1769

-1.01%

$0.1769

-1.01%

(24s)

24h Volume

$83,982,169.43

24h H/L

$0.1793 / $0.1755

Change: $0.003800 (2.17%)

Long/Short

68.2%

Long: 68.2%Short: 31.8%

Funding Rate

+0.0006%

Longs pay

Data provided by COINOTAG DATALive data

Cardano

Daily

$0.1770

▲ 0.34%

Volume (24h): -

Resistance Levels

Resistance 3$0.1901

Resistance 2$0.1839

Resistance 1$0.1780

Price$0.1770

Support 1$0.1743

Support 2$0.1680

Support 3$0.1598

Pivot (PP):$0.178033

Trend:Sideways

RSI (14):46.0

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…