Cardano faces a tough battle against declining prices despite a surge in DEX activity. While daily DEX volume topped 23 million ADA, the TVL has plummeted to $230 million, suggesting waning interest in dApps and NFTs.
ADA's price has been bearish, hitting $0.4489 with a potential reversal if it breaks below $0.512. Technical indicators like #RSI and #CMF point towards negative momentum and declining investment in $ADA .
