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Cardano Might Drop By 20% Despite Vasil Fork News Excitement

Cardano (ADA) fell on July 21 as the market prefers growing selling pressure around its most stable resistance levels in 2022 over a huge anticipated hard fork. Despite the long-awaited Cardano hard fork potentially goin...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Cardano Might Drop By 20% Despite Vasil Fork News Excitement

Cardano (ADA) fell on July 21 as the market prefers growing selling pressure around its most stable resistance levels in 2022 over a huge anticipated hard fork. Despite the long-awaited Cardano hard fork potentially going live at the end of July, ADA has run out of buyers. The price of ADA decreased 5% intraday to $0.476. The drop was part of a larger retreat that began a day after it temporarily climbed over its 50-day exponential moving average (50-day EMA; the red wave in the chart below) at $0.50.

Since October 2021, the 50-day EMA has ...

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This altcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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