Cardano Price Watch – ADA/USD Drops Below $0.4000

Key Highlights:

Cardano (ADA) dropped below the critical $0.40 level, now trading at around $0.39
ADA surpassed $0.40 over the weekend but failed to hold above that level
A major support is held at $0.38

Cardano Fails to Hold $0.40, Trending Downward

Cardano has been slowly moving up for the past couple of weeks, with the altcoin hitting a weekly high of $0.428 this weekend. However, this failed to hold and Cardano dropped back down below $0.40 again today.

At the moment, a downward trend is forming based on today’s price actions. Cardano is currently trading …

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