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Cardano Slumps to 5-Year Low Price as Charles Hoskinson Warns of 'Wave of Failures'

ADA

ADA/USDT

$0.1981
+3.83%
24h Volume

$446,112,864.05

24h H/L

$0.2035 / $0.1818

Change: $0.0217 (11.94%)

Long/Short
68.2%
Long: 68.2%Short: 31.8%
Funding Rate

+0.0031%

Longs pay

Data provided by COINOTAG DATALive data
Cardano
Cardano
Daily

$0.1979

▲ 5.77%

Volume (24h): -

Resistance Levels
Resistance 3$0.2244
Resistance 2$0.2078
Resistance 1$0.1995
Price$0.1979
Support 1$0.1944
Support 2$0.1864
Support 3$0.1761
Pivot (PP):$0.184233
Trend:Sideways
RSI (14):64.3
DE
Decrypt Editorial
(09:20 PM UTC)
1 min read
SC
Reviewed bySarah Chen
0 comments

In brief

  • The price of Cardano (ADA) fell to a more than five-year low on Wednesday as Bitcoin and other top coins sank.
  • Founder Charles Hoskinson warned that the ecosystem is in trouble amid declining market conditions.
  • Cardano analytics firm TapTools is shutting down. Hoskinson said community investment is necessary to avoid further failures.

Following the sunsetting of Cardano analytics firm…

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