Cardano (ADA) Price Falls—What’s Causing the Drop?

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ADA price is down today, and a handful of Cardano onchain and technical factors suggest that the downside is not over for the top-ten cryptocurrency.

Cardano price traded in a second straight daily bearish session on Feb. 24, dropping 5% over the last 24 hours to exchange hands at $0.7386.

A bearish technical setup and several onchain signals suggest that ADA could see a deeper correction in the coming days.

ADA price hits three-month lows against Bitcoin


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