03-11-2025, 09:35 PM
Why is Cardano price down today?
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMDgvZTIzMDE1ZGQtODcyOC00YjI3LTgzYjctODgxYTY1YjUwMTlh.jpg"></p><p><p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMDgvZTIzMDE1ZGQtODcyOC00YjI3LTgzYjctODgxYTY1YjUwMTlh.jpg" alt="Why is Cardano price down today?"></p><p>Cardano (<a data-ct-non-breakable="null" href="https://cointelegraph.com/ada-price-index" rel="null" target="null" text="null" title="null">ADA</a>) price displays weakness on March 11, down 2.5% over the last 24 hours to trade at $0.7250. A weakening technical setup and several onchain signals suggest that ADA could see a deeper correction in the coming days.<figure><img src="https://s3.cointelegraph.com/uploads/2025-03/01958499-d439-7285-9c90-eff7745587c3" title="" alt="Why is Cardano price down today?"><figcaption style="text-align: center;"><p><em>ADA/USD daily chart. Source: Cointelegraph/</em><a data-ct-non-breakable="null" href="https://www.tradingview.com/x/3vvOni1q/" rel="null" target="null" text="null" title="https://www.tradingview.com/x/3vvOni1q/"><em>TradingView</em></a></p></figcaption></figure><p>Let’s take a closer look at why ADA price is underperforming today.</p><h2><strong>ADA falls alongside Bitcoin and Ether</strong></h2><p>The bearish sentiment was not only exclusive to Cardano as crypto prices also plummeted across the board, with <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-nears-78k-lows-us-stocks-dive-wall-street-open" rel="null" target="null" text="null" title="null">Bitcoin dropping toward $76,000</a> on March 10.</p><p>Key takeaways:</p><ul><li><p>Market leader Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="null" target="null" text="null" title="null">BTC</a>) has shed over 3.6% and 17% over the last week and month, respectively, setting a new four-month low of around $76,600 on March 10. </p></li><li><p>BTC price has since <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-price-bounces-4-data-89-chance-stocks-bottom-is-in" rel="" target="_self" text="null" title="https://cointelegraph.com/news/bitcoin-price-bounces-4-data-89-chance-stocks-bottom-is-in">recovered above $81,000</a> but is still down 1.3% over the last 24 hours.</p></li><li><p>Ether (<a data-ct-non-breakable="null" href="https://cointelegraph.com/ethereum-price" rel="null" target="null" text="null" title="null">ETH</a>) has also dropped by 8.6% over the last 24 hours to trade below $2,000 for the first time since November 2023. </p></li></ul><figure><img src="https://s3.cointelegraph.com/uploads/2025-03/01958499-de6c-7d1a-b446-d9c7bbea539b" title="" alt="Why is Cardano price down today?"><figcaption style="text-align: center;"><p><em>Performance of top-10 cryptocurrencies. Source: CoinMarketCapp</em></p></figcaption></figure><ul><li><p>This dragged altcoins like ADA down even more, with a 41% decline over the last 90 days compared to BTC’s 19% decline over the same period. </p></li><li><p>The ADA/BTC pair is down approximately 20% over the same time frame.</p></li><li><p>The crypto market’s volatility has been exacerbated by <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/trump-intentionally-crashing-markets-force-fed-lower-interest-rates" rel="null" target="null" text="null" title="null">macroeconomic uncertainty</a>, which has also seen a sharp drop in US equities, with crypto-related stocks such as Strategy (MSTR) and Coinbase (COIN) tanking 10%.</p></li><li><p>Lack of near-term positive catalysts, a <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/will-trump-s-trade-war-bring-an-early-end-to-the-bitcoin-bull-market" rel="null" target="null" text="null" title="null">potential tariff war</a> and fears of a US recession are adding headwinds to an already battered market.</p></li></ul><h2><strong>Weakening onchain Cardano activity</strong></h2><p>The bearishness in ADA prices today is preceded by reduced network activity and the <a data-ct-non-breakable="null" href="https://cointelegraph.com/explained/what-is-total-value-locked-tvl-in-crypto-and-why-does-it-matter" rel="null" target="null" text="null" title="null">total value locked</a> (TVL), which has dropped sharply over the last week.</p><ul><li><p>ADA’s daily DEX trading volume fell by 67% from $21 million on March 2 to $7.3 million on March 10.</p></li><li><p>Similarly, <a data-ct-non-breakable="null" href="https://cointelegraph.com/learn/articles/active-vs-new-addresses-in-crypto-key-differences-explained" rel="null" target="null" text="null" title="null">daily active addresses</a> decreased by 59% from approximately 70,700 to 28,900 over the same period.</p></li></ul><figure><img alt="Cryptocurrencies, Dollar, SEC, Markets, Cardano, Tech Analysis, Market Analysis, Altcoin Watch" src="https://s3.cointelegraph.com/uploads/2025-03/0195849a-c837-7dff-bac5-baf15c9c04af" title=""><figcaption style="text-align: center;"><p><em>DEX trading volume and DAA on Cardano. Source: </em><a data-ct-non-breakable="null" href="https://app.artemis.xyz/project/cardano?tab=fundamentals" rel="null" target="null" text="null" title="https://app.artemis.xyz/project/cardano?tab=fundamentals"><em>Artemis</em></a></p></figcaption></figure><ul><li><p>Cardano’s TVL has plummeted from $701.4 million on Dec. 3, 2024, to reach a four-month low of $268 million on Feb. 28.</p></li><li><p>This metric has again dropped by 25% over the last seven days.</p></li></ul><figure><img src="https://s3.cointelegraph.com/uploads/2025-03/01958499-ecf3-7d86-95d7-c3aa46afa603" title="" alt="Why is Cardano price down today?"><figcaption style="text-align: center;"><p><em>Cardano total value locked, USD. Source: </em><a data-ct-non-breakable="null" href="https://defillama.com/chain/Cardano" rel="null" target="null" text="null" title="https://defillama.com/chain/Cardano"><em>DefiLlama</em></a></p></figcaption></figure><ul><li><p>The weekly decline in daily active addresses, DEX volume and TVL coincides with ADA’s 10% price drop over the same period.</p></li></ul><h2><strong>Buyer exhaustion hampers ADA price</strong></h2><p>Data from <a data-ct-non-breakable="null" href="https://subscription.cointelegraph.com/?_gl=1*7499wx*_ga*MTQ0MzQ0NzI4Ny4xNzE2MzY1NTA0*_ga_53R24TEEB1*MTcxNjM2NTUwNC4xLjEuMTcxNjM2Njg2MC4wLjAuMA.." rel="null" target="null" text="null" title="null">Cointelegraph Markets Pro</a> and <a data-ct-non-breakable="null" href="https://www.tradingview.com/symbols/BTCUSD/?exchange=BINANCE" rel="null" target="null" text="null" title="null">TradingView</a> shows ADA’s rally on March 2 pushed the relative strength index (RSI) above 70 in multiple timeframes, indicating “overbought” conditions. </p><ul><li><p>On March 2, ADA’s RSI reached as high as 90, 84 and 73 on the four-hour, 12-hour and daily timeframes, respectively.</p></li><li><p>An overbought <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/here-s-3-ways-the-relative-strength-index-rsi-can-be-used-as-a-sell-signal" rel="null" target="null" text="null" title="null">RSI</a> implies that the rally is likely overheating, and the buyers have become exhausted. </p></li><li><p>Consequently, traders may take this as a signal to sell and lock in profits, leading the price to either consolidate sideways or fall further.</p></li></ul><figure><img src="https://s3.cointelegraph.com/uploads/2025-03/01958499-f773-7257-991c-b9c2ee29a247" title="" alt="Why is Cardano price down today?"><figcaption style="text-align: center;"><p><em>ADA/USD daily chart. Source: Cointelegraph/</em><a data-ct-non-breakable="null" href="https://www.tradingview.com/x/gtByv1KS/" rel="null" target="null" text="null" title="https://www.tradingview.com/x/gtByv1KS/"><em>TradingView</em></a></p></figcaption></figure><ul><li><p>In ADA’s case, the price has been dropping since then, recording lower highs and lower lows, as shown in the chart above.</p></li><li><p>Thus, the downward target for the short term is between the March 11 intra-day low of around $0.6472 and the range low at $0.5794 reached on Feb. 28.</p></li></ul><p><em><strong>Related: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/price-analysis-3-10-spx-dxy-btc-eth-xrp-bnb-sol-doge-ada-pi" rel="null" target="null" text="null" title="https://cointelegraph.com/news/price-analysis-3-10-spx-dxy-btc-eth-xrp-bnb-sol-doge-ada-pi"><em><strong>Price analysis 3/10: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, PI</strong></em></a></p><ul><li><p>The second area of interest lies between the Feb. 3 low at $0.5569 and the range low at $0.5197 reached on Nov. 13. </p></li><li><p>This demand zone could potentially provide a good entry position for late investors. </p></li></ul><p class="post-content__disclaimer" type="">This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.</p><template data-name="subscription_form" data-type="markets_outlook" label="Subscription Form: Markets Outlook"></template></p>
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https://cointelegraph.com/news/why-is-ca...er_inbound
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMDgvZTIzMDE1ZGQtODcyOC00YjI3LTgzYjctODgxYTY1YjUwMTlh.jpg"></p><p><p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMDgvZTIzMDE1ZGQtODcyOC00YjI3LTgzYjctODgxYTY1YjUwMTlh.jpg" alt="Why is Cardano price down today?"></p><p>Cardano (<a data-ct-non-breakable="null" href="https://cointelegraph.com/ada-price-index" rel="null" target="null" text="null" title="null">ADA</a>) price displays weakness on March 11, down 2.5% over the last 24 hours to trade at $0.7250. A weakening technical setup and several onchain signals suggest that ADA could see a deeper correction in the coming days.<figure><img src="https://s3.cointelegraph.com/uploads/2025-03/01958499-d439-7285-9c90-eff7745587c3" title="" alt="Why is Cardano price down today?"><figcaption style="text-align: center;"><p><em>ADA/USD daily chart. Source: Cointelegraph/</em><a data-ct-non-breakable="null" href="https://www.tradingview.com/x/3vvOni1q/" rel="null" target="null" text="null" title="https://www.tradingview.com/x/3vvOni1q/"><em>TradingView</em></a></p></figcaption></figure><p>Let’s take a closer look at why ADA price is underperforming today.</p><h2><strong>ADA falls alongside Bitcoin and Ether</strong></h2><p>The bearish sentiment was not only exclusive to Cardano as crypto prices also plummeted across the board, with <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-nears-78k-lows-us-stocks-dive-wall-street-open" rel="null" target="null" text="null" title="null">Bitcoin dropping toward $76,000</a> on March 10.</p><p>Key takeaways:</p><ul><li><p>Market leader Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="null" target="null" text="null" title="null">BTC</a>) has shed over 3.6% and 17% over the last week and month, respectively, setting a new four-month low of around $76,600 on March 10. </p></li><li><p>BTC price has since <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-price-bounces-4-data-89-chance-stocks-bottom-is-in" rel="" target="_self" text="null" title="https://cointelegraph.com/news/bitcoin-price-bounces-4-data-89-chance-stocks-bottom-is-in">recovered above $81,000</a> but is still down 1.3% over the last 24 hours.</p></li><li><p>Ether (<a data-ct-non-breakable="null" href="https://cointelegraph.com/ethereum-price" rel="null" target="null" text="null" title="null">ETH</a>) has also dropped by 8.6% over the last 24 hours to trade below $2,000 for the first time since November 2023. </p></li></ul><figure><img src="https://s3.cointelegraph.com/uploads/2025-03/01958499-de6c-7d1a-b446-d9c7bbea539b" title="" alt="Why is Cardano price down today?"><figcaption style="text-align: center;"><p><em>Performance of top-10 cryptocurrencies. Source: CoinMarketCapp</em></p></figcaption></figure><ul><li><p>This dragged altcoins like ADA down even more, with a 41% decline over the last 90 days compared to BTC’s 19% decline over the same period. </p></li><li><p>The ADA/BTC pair is down approximately 20% over the same time frame.</p></li><li><p>The crypto market’s volatility has been exacerbated by <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/trump-intentionally-crashing-markets-force-fed-lower-interest-rates" rel="null" target="null" text="null" title="null">macroeconomic uncertainty</a>, which has also seen a sharp drop in US equities, with crypto-related stocks such as Strategy (MSTR) and Coinbase (COIN) tanking 10%.</p></li><li><p>Lack of near-term positive catalysts, a <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/will-trump-s-trade-war-bring-an-early-end-to-the-bitcoin-bull-market" rel="null" target="null" text="null" title="null">potential tariff war</a> and fears of a US recession are adding headwinds to an already battered market.</p></li></ul><h2><strong>Weakening onchain Cardano activity</strong></h2><p>The bearishness in ADA prices today is preceded by reduced network activity and the <a data-ct-non-breakable="null" href="https://cointelegraph.com/explained/what-is-total-value-locked-tvl-in-crypto-and-why-does-it-matter" rel="null" target="null" text="null" title="null">total value locked</a> (TVL), which has dropped sharply over the last week.</p><ul><li><p>ADA’s daily DEX trading volume fell by 67% from $21 million on March 2 to $7.3 million on March 10.</p></li><li><p>Similarly, <a data-ct-non-breakable="null" href="https://cointelegraph.com/learn/articles/active-vs-new-addresses-in-crypto-key-differences-explained" rel="null" target="null" text="null" title="null">daily active addresses</a> decreased by 59% from approximately 70,700 to 28,900 over the same period.</p></li></ul><figure><img alt="Cryptocurrencies, Dollar, SEC, Markets, Cardano, Tech Analysis, Market Analysis, Altcoin Watch" src="https://s3.cointelegraph.com/uploads/2025-03/0195849a-c837-7dff-bac5-baf15c9c04af" title=""><figcaption style="text-align: center;"><p><em>DEX trading volume and DAA on Cardano. Source: </em><a data-ct-non-breakable="null" href="https://app.artemis.xyz/project/cardano?tab=fundamentals" rel="null" target="null" text="null" title="https://app.artemis.xyz/project/cardano?tab=fundamentals"><em>Artemis</em></a></p></figcaption></figure><ul><li><p>Cardano’s TVL has plummeted from $701.4 million on Dec. 3, 2024, to reach a four-month low of $268 million on Feb. 28.</p></li><li><p>This metric has again dropped by 25% over the last seven days.</p></li></ul><figure><img src="https://s3.cointelegraph.com/uploads/2025-03/01958499-ecf3-7d86-95d7-c3aa46afa603" title="" alt="Why is Cardano price down today?"><figcaption style="text-align: center;"><p><em>Cardano total value locked, USD. Source: </em><a data-ct-non-breakable="null" href="https://defillama.com/chain/Cardano" rel="null" target="null" text="null" title="https://defillama.com/chain/Cardano"><em>DefiLlama</em></a></p></figcaption></figure><ul><li><p>The weekly decline in daily active addresses, DEX volume and TVL coincides with ADA’s 10% price drop over the same period.</p></li></ul><h2><strong>Buyer exhaustion hampers ADA price</strong></h2><p>Data from <a data-ct-non-breakable="null" href="https://subscription.cointelegraph.com/?_gl=1*7499wx*_ga*MTQ0MzQ0NzI4Ny4xNzE2MzY1NTA0*_ga_53R24TEEB1*MTcxNjM2NTUwNC4xLjEuMTcxNjM2Njg2MC4wLjAuMA.." rel="null" target="null" text="null" title="null">Cointelegraph Markets Pro</a> and <a data-ct-non-breakable="null" href="https://www.tradingview.com/symbols/BTCUSD/?exchange=BINANCE" rel="null" target="null" text="null" title="null">TradingView</a> shows ADA’s rally on March 2 pushed the relative strength index (RSI) above 70 in multiple timeframes, indicating “overbought” conditions. </p><ul><li><p>On March 2, ADA’s RSI reached as high as 90, 84 and 73 on the four-hour, 12-hour and daily timeframes, respectively.</p></li><li><p>An overbought <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/here-s-3-ways-the-relative-strength-index-rsi-can-be-used-as-a-sell-signal" rel="null" target="null" text="null" title="null">RSI</a> implies that the rally is likely overheating, and the buyers have become exhausted. </p></li><li><p>Consequently, traders may take this as a signal to sell and lock in profits, leading the price to either consolidate sideways or fall further.</p></li></ul><figure><img src="https://s3.cointelegraph.com/uploads/2025-03/01958499-f773-7257-991c-b9c2ee29a247" title="" alt="Why is Cardano price down today?"><figcaption style="text-align: center;"><p><em>ADA/USD daily chart. Source: Cointelegraph/</em><a data-ct-non-breakable="null" href="https://www.tradingview.com/x/gtByv1KS/" rel="null" target="null" text="null" title="https://www.tradingview.com/x/gtByv1KS/"><em>TradingView</em></a></p></figcaption></figure><ul><li><p>In ADA’s case, the price has been dropping since then, recording lower highs and lower lows, as shown in the chart above.</p></li><li><p>Thus, the downward target for the short term is between the March 11 intra-day low of around $0.6472 and the range low at $0.5794 reached on Feb. 28.</p></li></ul><p><em><strong>Related: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/price-analysis-3-10-spx-dxy-btc-eth-xrp-bnb-sol-doge-ada-pi" rel="null" target="null" text="null" title="https://cointelegraph.com/news/price-analysis-3-10-spx-dxy-btc-eth-xrp-bnb-sol-doge-ada-pi"><em><strong>Price analysis 3/10: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, PI</strong></em></a></p><ul><li><p>The second area of interest lies between the Feb. 3 low at $0.5569 and the range low at $0.5197 reached on Nov. 13. </p></li><li><p>This demand zone could potentially provide a good entry position for late investors. </p></li></ul><p class="post-content__disclaimer" type="">This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.</p><template data-name="subscription_form" data-type="markets_outlook" label="Subscription Form: Markets Outlook"></template></p>
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https://cointelegraph.com/news/why-is-ca...er_inbound