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 Several factors are behind Cardano’s underperformance, including: Decreasing network activity and declining total value locked. Negative funding rates. A weakening technical structure. Weakening onchain Cardano activity The bearishness in ADA price today is preceded by reduced […]