ADA, Cardano’s native blockchain token, is showing interesting pricing behavior, having returned to $0.33 for the second time this fall. ADA’s price increased by more than 30% since October, when it was last at $0.33.
No matter what Cardano Should the price remain above the zone, a similar result will be possible. ADA has not fallen below $0.33 despite all the turmoil in the crypto market during the bearish year. In fact, that level, which was first set in early 2021, was the starting point from which Cardano went to its all-time high in August of the same year.
ADA has lost approximately 90% since then, which is typically considered a sufficient correction of the crypto market. Technical analysis shows that if the decline continues, the next level is $0.16. ADA’s price The other half would be dropped.
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Cardano (ADA) price fundamentals
Cardano is doing well from a fundamental perspective, i.e. focusing directly on the operational performance of the blockchain and the narrative surrounding it. Cardano is doing well despite the absence of ADA in the spot market of the infamous. FTX Cardano’s crypto exchange probably avoided a major tragedy that would have no doubt sent token values into free fall.
U.Today reported that the U.Today report also included this information. Cardano During the turbulence, network activity surged. Cardano (ADA), despite its price drop, was able to lose some and gain some.