The bullish momentum in the crypto market has faded, causing many assets to slip back to their previous lows. Among the altcoins, Cardano (ADA) has been hit hard, recording a loss of over 8.59% in the past 24 hours.
Bitcoin (BTC) currently trades at the $96K mark, while Ethereum (ETH) stands at $3.3K. The focus now shifts to whether Cardano can stage a comeback after facing significant declines.
Investors and traders are keenly observing any potential for a reversal as ADA opened with declines, raising questions about its comeback potential.
