{"id":528702,"date":"2023-04-26T14:40:44","date_gmt":"2023-04-26T14:40:44","guid":{"rendered":"https:\/\/wncen.com\/?p=528702"},"modified":"2024-06-11T12:09:30","modified_gmt":"2024-06-11T12:09:30","slug":"cardano-ada-trades-below-the-0-41-mark-will-it-break-the-barriers","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/cardano\/cardano-ada-trades-below-the-0-41-mark-will-it-break-the-barriers\/","title":{"rendered":"Cardano ADA Trades Below The $0.41 Mark, Will It Break The Barriers?"},"content":{"rendered":"
Cardano (ADA) coin has captured the interest of investors and holders with its recent price drop below the $0.40 mark on April 25. This notable price dip left everyone wondering if Cardano (ADA) will break this barrier, which has proven significant in recent trading sessions.<\/span><\/p>\n However, today April 26, the general market is recovering as the global market cap gained over a 4.5% increase in 24 hours. The marker-wide rally has pushed ADA back to the $0.40 mark with a massive gain of 6.93% in 24 hours.<\/span><\/p>\n Related Reading: Solana (SOL) Plunges Over 13% \u2013 Will It Bounce Back?<\/a><\/p>\n The ADA price has been trending downward for the past 7 days, and the coin is finally gaining momentum. <\/span>Only time will tell if Cardano ADA can surpass the $0.41 resistance level and trade above it in the coming days.\u00a0<\/span><\/p>\n The recent price fluctuation in the crypto market harmed Cardano (ADA)\u2019s price, causing a significant loss in its market capitalization.<\/span><\/p>\n The Cardano market cap is currently at $13.9 billion with a $267 million 24-hour trading volume. According to <\/span>CoinMarketCap<\/span><\/a> data, Cardano (ADA) is now the seventh biggest cryptocurrency.<\/span><\/p>\n Cardano\u2019s price drop yesterday, April 25, may have been caused by several variables, such as market sentiment generally and shifts in investor perceptions. <\/span><\/p>\n Also, the fluctuations in trading volume, <\/span>regulatory announcements<\/span><\/a>, or <\/span>market news<\/span><\/a> that impacted the cryptocurrency market may have played a huge role too.\u00a0<\/span>The chart below shows the potential support and resistance levels for Cardano (ADA) in 2023.<\/span><\/p>\n While buyers are trying to build a bullish momentum, ADA is still found at the $0.40 zone and might break the support zone of $0.38 if the sellers increase the selling pressure.<\/span><\/p>\nADA Price Trend<\/h2>\n