Unraveling ADA’s Market Struggles: In-depth Analysis of Cardano’s Current Price Dilemma

• Cardano’s ADA continues to show a stop-and-start price trend, struggling to maintain positive momentum.
• Despite a slight increase in active addresses, trading volume is declining, indicating decreased trading activity.
• Key metrics suggest a potential bearish trend, with the possibility of a death cross if ADA fails to sustain its uptrend.

Cardano’s ADA struggles to sustain positive price momentum, despite a slight uptick in active addresses. Declining trading volume and looming bearish indicators paint a challenging picture for the cryptocurrency.

ADA’s Fluctuating Price Trend

Cardano’s ADA has been exhibiting a fluctuating price pattern in recent days. The month began with a three-day consecutive uptrend from the 1st to the 3rd of May, with the price rising from around $0.45 to $0.46. However, these gains were quickly offset by consecutive declines, bringing the price back to around $0.45. This trend... Read the full article for FREE at COINOTAG!