$ADA /USDT (Cardano) trading data you provided:
๐ ADA/USDT Market Overview
Metric Value
Current Price 0.6983 USDT
24h High 0.7315 USDT
24h Low 0.6928 USDT
24h Change -2.46%
24h Volume (ADA) 120.04 Million ADA
24h Volume (USDT) 86.06 Million USDT
๐ Technical Summary
Price Action: ADA dropped nearly 3%, slipping from a daily high of 0.7315 to just under 0.70 USDT.
Support Zone: Near 0.6928 โ 0.6950, currently being tested.
Resistance Zone: Around 0.7200 โ 0.7315.
Volume: Decent trading activity showing traders are active, but the momentum is currently bearish.
๐ง Market Sentiment
Bearish pressure is evident in the short term, especially with broader market weakness.
News mention: "Cardano Founder Questions Ethereumโs Long-Term Viability" โ while possibly bullish for ADA in narrative terms, it's not yet showing up in price momentum.
๐
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