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Cryptocurrency

28 Nov 2021

Cardano at Risk to Drop 15% Any Moment from Now

The Index Today

Cardano’s ADA price could possibly decline 15% any minute from now in the crypto market. The ADA has been seen moving towards the bearish side and is struggling to secure support for a new price swing. This scenario shows how the downward price spiral could lead to a decline of $1.26.

On November 24th, ADA’s price went up to $1.72 and has since been dropping over 13%. Experts have said that the reason why Cardano’s ADA keeps going down is likely due to attempts of delisting it by the eToro exchange.

However, the cryptocurrency can make a comeback and start a new price performance the market. The ADA could find massive support if the bulls decide to buy and trade more ADA and lead to a price swing. Cardano traded at $1.51 with a 24 hour volume of over $1 billion.

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