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Cardano price forecastCoinGape
•64% Informative
ADA price dropped 5% to trade at $ 0.396 during the European session, as on-chain analysis revealed holder outflow in preparation for the Chang hard fork.
Cardano whales are divesting, as shown by decreasing inflow activity.
The price of ADA is currently trending below the 50-day ($ 0.4181 ) and 200-day exponential moving average ( EMA ), indicating a bearish trend.
ADA /BTC price also slumped 2% to 0.00000616 BTC.
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