Cardano fell to a multi-week low on March 2, as cryptocurrency prices were mostly lower in today’s session. The global market cap has mostly declined on Thursday, and is trading 1.71% lower as of writing. Cosmos was also in the red, with prices retreating to a key price floor.
Cardano (ADA)
Cardano (ADA) dropped to a multi-week low on Thursday, as prices collided with a key support point.
ADA/USD plunged to an intraday low of $0.3501 in today’s session, following a high of $0.3637 on Wednesday.
As a result of the move, cardano traded slightly above a floor at $0.3500, which is its weakest point since February 13.
Looking at the chart, one of the catalysts for the move was a downward crossover between the
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