As is rather common on a Monday, a lot of bearish cryptocurrency momentum has emerged out of the blue. So much even that of the top 10 markets, seven of them have dipped in the red fairly quickly. The Cardano price is going down a very slippery slope as of right now, which shouldn’t come as too big of a surprise. It will be interesting to see if these markets can effectively recover some losses pretty soon.

Cardano Price Isn’t Looking too Healthy

Not too many people should be surprised to see the majority of altcoins, tokens, and assets go deep in the red today. While Bitcoin is still holding on to some of its gains, it too will start losing value over the next few hours. However, for alternative markets, those losses are usually compounded, which can trigger an avalanche of price gains or losses. In the case of Cardano, things are not looking good by any means, and it seems unlikely a major improvement will occur anytime soon.

To put this momentum in perspective, the Cardano price has lost over 7.1% in quick…

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Source: https://themerkle.com/cardano-price-momentum-breaks-down-as-losses-pile-up/