Bears Looking To Ignite 16% Drop for ADA’s Price in Coming Days

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• Cardano’s price has fallen 3.08% over the last 24 hours.
• ADA’s price is now resting on a 4-hour support level.
• A 16% drop in ADA’s price may be on the cards for the altcoin in the coming 48 hours.

The price of Cardano (ADA) has fallen 3.08% over the last 24 hours according to CoinMarketCap. The altcoin’s price also weakened against the two crypto market leaders, Bitcoin (BTC) and Ethereum (ETH), by 2.86% and 2.53% respectively. At press time, ADA is trading at $0.3498.

4-hour chart for ADA/USDT (Source: CoinMarketCap) ...

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