Största Movers: ADA når All-Time Low på fredag, MATIC förlänger den senaste nedåtgående trenden

Cardano fell to an all-time low on Friday, as sentiment in crypto markets remained bearish in today’s session. The token fell for a third consecutive day, with prices moving below a key price floor in the process. Polygon also extended recent declines, hitting a multi-week low as a result.

Cardano (ADA)

Cardano (ADA) hit an all-time low in today’s session, as sentiment in cryptocurrency markets remains bearish, following recent economic data.

ADA/USD dropped to an intraday low of $0.2845 tidigare under dagens pass, less than a day after trading at $0.3026.

Today’s sell-off comes as cardano fell for a third straight session, breaking out of a key support point in the process.

Tittar på diagrammet, the aforementioned floor is at the $0.3000 märke, which was broken once before, i november 21.

The 14-day relative strength index (RSI) also moved below a floor of 35.50, and as of writing is tracking at 30.91.

This is the lowest point the index has hit since October 22, with prices hitting a bottom of $0.3100 on that occasion.

Polygon (MATIC)

Polygon (MATIC) was another notable token to fall today, with prices also moving lower for a third straight day.

Efter en hög av $0.891 på torsdag, MATIC/USD dropped to a bottom of $0.8483 tidigare på dagen.

As a result of this drop, polygon moved to its lowest point since November 30, when prices hit a bottom of $0.837

MATIC has since rebounded from earlier lows, and is currently trading at $0.8569, which is still nearly 4% lower than Thursday’s floor.

This slight rebound comes as the RSI rejected a breakout of a point of support at the 43.00 nivå, and the index is currently at the 44.26 märke.

Historiskt sett, bulls have used this floor as a point of reentry, and should this reoccur, then we could see MATIC move back towards the $0.90 nivå.

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What other factors are behind today’s decline in crypto prices? Låt oss veta dina tankar i kommentarerna.

Elijah Dambell

Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. För närvarande, he acts as a commentator across various asset classes, inklusive Crypto, Aktier och valuta.

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