Cardano (ADA ($0.41)) has faced a turbulent week, showing price fluctuations as market sentiment shifted. Over the last seven days, ADA dropped 1.24%, currently sitting at $0.7272. The week started strong at $0.7374, but bearish pressure dragged the price down to a low of $0.699 before recovering slightly. Despite ADA’s price dip, trading activity surged.

7-day price chart. Source: CoinMarketCap

The 24-hour trading volume jumped 66.64% to $1.01 billion, showing increased interest from traders. However, the market cap slipped 1.03% to $25.62 billion, reflecting the mild downtrend in ADA’s valuation.

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The circulating supply of ADA is now at 35.23 billion, with a total supply of 44.99 billion. Investors remain cautious as the fully diluted valuation (FDV) stands at $32.71 billion, suggesting room for future growth if demand picks up.

ADA’s Price Performance & Key Levels

Cardano’s price action has shown resistance at $0.7364, with support around $0.699. A break above $0.75 could push ADA higher, while a drop below $0.70 may trigger further losses. 

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Its historical performance shows ADA’s all-time high was $3.10 (September 2021), marking a 76.72% decline. However, its all-time low of $0.01735 (October 2017) shows an overall 4,058.35% increase, proving ADA’s long-term strength despite short-term pullbacks.

What’s Next for Cardano?

ADA’s price is currently consolidating, with traders watching for a potential breakout. The increased trading volume suggests renewed market interest. If buying pressure sustains, ADA could aim for $0.75+, but if bearish momentum continues, it might test $0.70 again.

With high volatility and market uncertainty, ADA remains a crucial asset to watch. Will it regain momentum or face another dip? The coming days will be decisive for Cardano’s price trajectory.

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