Cardano Price Tests $0.172 as 10-Day Decline Continues

Cardano's price has been declining for 10 consecutive days, testing the $0.172 level where the 50-day Simple Moving Average (SMA) is located.

The ADA price has fallen after losing support at $0.181 and is now facing subdued activity across its ecosystem, which has yet to provide a fundamental catalyst for the token.

According to DeFiLlama, Cardano's Total Value Locked (TVL) stands at around $65.3 million, with stablecoin market capitalization at approximately $67.5 million, down 0.8% over the past seven days.

The trading activity has weakened significantly, with daily DEX volume at roughly $596,000 and a 63% decline in seven-day volume to $6.6 million.

For now, these figures do not indicate a meaningful increase in demand within the ecosystem, leaving broader market conditions as the primary source of short-term momentum for ADA.