Cardano price began rising toward the end of last week and into the weekend. On the daily time frame, the asset surged and closed above a crucial resistance level. Only one more barrier remains before ADA price can start making significant gains. Despite this optimistic view, Cardano has been hit by a development issue, as the Chang hard fork was delayed once more by four days. This may have impacted investor confidence as ADA lost its bullish momentum. The asset is trading at $0.3857, down 3.7% in the last 24 hours.
Negative Sentiment is Affecting Cardano Price
Since the Chang hard fork delay, ADA price has displayed some signs of stagnation, including reduced network profitability and volume.
Data from Santiment shows that the Cardano network daily profit ratio dropped to 0.88, its lowest point since August 18. This means that for every ADA transaction closed in…
