Cardano Down 50% In 4 Months: Sellers Unrelenting, Best Time To Buy ADA?

Quick Summary:

Shiba Inu’s Shibarium Sees Massive 80.3% Crash In Active Accounts Historically, Santiment analysts explained that prices tend to recover sharply in the sessions ahead whenever an asset is extremely sold, as is the case with ADA.

They explained that the recent spike in negative funding rates, pointing to heightened selling activity, could offer a contrarian opportunity for aggressive traders.

The slip in ADA prices and the alignment of the trend to be bearish from March explain why the funding rate is negative and continues to increase.

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Article Details

Author / Journalist: Dalmas Ngetich

Category: Crypto

Markets: United KingdomKenya

Topics: Chang Hard Fork Cardano price Cardano Voltaire ADA ADAUSDT

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-25 @ 20:00:37 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 409 words

Reading Time: 3 minutes read

Sentences: 79 lines

Sentence Length: 6 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 21777043

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 7 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 14 hours ago

Coverage Areas: United Kingdom

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