Is Cardano Dead? ADA Price Action Raises Uncomfortable Questions
Photo: CaptainAltcoin
Cardano is not dead, but ADA’s chart is giving traders very little reason to be excited right now. ADA is trading around $0.216 on Binance after falling steadily through most of October. The two-hour chart shows a clear sequence of lower highs and lower lows from the October 6 peak near $0.2825, leaving the token roughly 23% below that local high. The broader concern is not simply that ADA has fallen. Many altcoins have struggled recently. The problem is that Cardano’s price structure , momentum indicators, derivatives positioning and DeFi activity all remain weak at the same time.
Source: CaptainAltcoin
