Cardano interest rate on Binance spiked to 54% as exchange needs more supply
Cardano loses gained confidence
March was a considerably successful month for ADA, which gained over 50% to its value since the local bottom reached on March 14. After reaching $1.2, Cardano swiftly reversed below the $1 threshold and now trades at $0.9.Following the retrace, Cardano dropped below the 50-day moving average, showing lack of buying power on the market and the bearish sentiment of long-term investors. Cardano remained in the prolonged downtrend for the last 230 days.
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