Cardano (ADA) sees 8% Increase Amid Weekend Plunge: What’s Next?

In the past 24 hours, Cardano‘s ADA cryptocurrency has seen an 8% rise, moving to $0.282965 and marking a partial recovery from a sharp fall over the weekend. The weekend’s downturn came as market makers pulled liquidity from the second exchange in response to the SEC’s actions against Binance, and Robinhood removed the altcoin from its listings. Cardano’s ADA, on the Mend? As a result, ADA suffered a 25% drop last week, and so far this year, the altcoin has increased only 15%, compared to a 57% and 46% increase for BTC and ETH respectively. Moreover, without any significant signs of whale purchases, it remains uncertain whether the altcoin will experience substantial recovery in the near future. ADA’s charts and indicators reflect some real weaknesses at the moment, notably as the crypto’s 30-day moving average plunged sharply below the 200-day average over the weekend. Similarly, ADA’s Relative Strength Index fell […] The post Cardano (ADA) sees 8% Increase Amid Weekend Plunge: What’s Next? appeared first on COINTURK NEWS.