Why is Cardano price down today?

Diminishing user activity and stiff upward resistance are driving Cardano’s prices lower today with bears focused on pulling ADA price down toward $0.51.

Cardano's (ADA) price continued its downtrend on March 31, down 4.5% over the last 24 hours to trade at $0.6529. 

The altcoin is down 10% over the last seven days and 45% from the March 2 high of $1.19.

ADA/USD daily chart. Source: Cointelegraph/TradingView

Read more