Cardano's price faces difficulty in surpassing key moving averages which are currently acting as resistance points. Despite the hype surrounding the Chang hard fork upgrade, the anticipated price volatility did not materialize.
On August 14, Bitcoin experienced significant price volatility, causing ADA's price to drop; however, the asset managed a quick recovery shortly thereafter.
Spot trading data for Cardano reveals a bearish trend, raising concerns about its future performance.
