Cardano CEO Urges Calm as ADA Crashes to 2020 Lows

ADA

ADA/USDT

$0.2568

+1.54%

$0.2568

+1.54%

(24s)

24h Volume

$453,007,233.35

24h H/L

$0.2654 / $0.2506

Change: $0.0148 (5.91%)

Long/Short

75.4%

Long: 75.4%Short: 24.6%

Funding Rate

+0.0054%

Longs pay

Data provided by COINOTAG DATALive data

Cardano

Daily

$0.2540

▼ -1.85%

Volume (24h): -

Resistance Levels

Resistance 3$0.3181

Resistance 2$0.3082

Resistance 1$0.2593

Price$0.2540

Support 1$0.2479

Support 2$0.2321

Support 3$0.2124

Pivot (PP):$0.254933

Trend:Uptrend

RSI (14):65.0

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…