Cardano (ADA) Price Faces Uncertainty Amid Bear Dominance
- Charles Hoskinson, has spoken out about the achievements post the Chang upgrade.
- At the time of writing, ADA is trading at $0.3228, down 0.50% in the last 24 hours.
In the early trading session Wednesday, the price of Bitcoin continued its precipitous decline from Tuesday, falling to a low of $55,555. As a result, Bitcoin and other major cryptocurrencies fell to levels not seen in a month.
The worst time for global markets since the crash of August 5 is being worsened by investors concerns about signs of economic slowdown in the US. Cryptocurrency prices have fallen as investors brace for U.S. employment data on Friday, which might signal a further economic downturn.
The Cardano founder and CEO of IOHK, Charles Hoskinson, has spoken out about the achievements post the Chang upgrade. Hoskinson commented on his journey with Cardano and the projects impact on many individuals in a social media post. He boasted that Cardano had accomplished one of the greatest technological feats in human history with the Chang hard fork, which brought onchain governance to the token.
Mediocre Performance
A glimmer of optimism for Cardanos future has emerged with the completion of the Chang hard fork. The short-term future of the ADA price, however, remains uncertain.
At the time of writing, ADA is trading at $0.3228, down 0.50% in the last 24 hours as per data from CMC. Moreover, the trading volume is up 39.52%. In the last 7 days, the price has declined by over 8%.
The price recently found support at $0.31 level and has briefly recovered. If the price manages to climb above $0.33 level, then it will likely climb further to test $0.35 resistance level. Conversely, if the price manages to go below $0.31 level, then it will likely test $0.29 support level.
Read more: https://thenewscrypto.com/cardano-ada-price-faces-uncertainty-amid-bear-dominance/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
