#Cardano (ADA) Price Slips Further Amid Market Weakness: Can It Rebound?
Cardano ($ADA ) continues to struggle under bearish pressure as the broader cryptocurrency market experiences renewed downside. As of today, ADA trades at $0.6982, reflecting a 4.3% decline over the past 24 hours. Even more concerning is the 26% drop in daily trading volume, now at just $1.03 billion, suggesting waning investor interest and momentum.
In the past week, ADA has plummeted more than 15%, underperforming even in an already cautious altcoin environment. Despite prior attempts at price reversals, Cardano has consistently failed to breach key resistance zones—especially the psychologically critical $0.90 level.
ADA Still Far From $1 — And Even Further From $3
ADA remains well below the $1 mark, a major psychological level that many investors view as the first sign of a genuine recovery. But at the moment, buyer enthusiasm remains subdued, as the token continues to fall short of even its minor support areas.
Let’s not forget: Cardano once reached an all-time high of $3.10 during the 2021 bull market. Back then, optimistic forecasts of $5, $7, or even $10 ADA were not uncommon. Today, those projections seem out of touch with the current market reality.
#Crypto Analysts Warn:
read more : https://24crypto.news/cardano-price-slips-further-can-ada-rebound-from-0-69-amid-market-weakness-105609
