• Cardano price analysis shows a downtrend.

  • ADA has reached the lowest point of 2022, below key support of $0.3.

  • Cardano’s next move could be a decisive one.

The recent market activity of Cardano (ADA) has facilitated speculation of a potential fresh low, as bearish activity has increased substantially. This top 9th cryptocurrency is now trading below the essential barrier at $0.3 – an indicator that suggests further downward pressure on pricing may be imminent.

Cardano price action:

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