ADA Price Posts 15% Loss, Indicators Hint at Further Decline | Airdrop Alert Pro

Cardano (ADA) price is down 15% in the past seven days after surging to its highest level since 2022. Momentum indicators such as the ADX are showing growing bearish strength, indicating intensifying selling pressure in the current downtrend.

Whale activity has also declined recently, reversing previous accumulation and adding to short-term bearish concerns. As key support and resistance levels play out, what happens next will determine whether ADA continues its correction or finds its way to recovery.

Cardano Downtrend Getting Stronger

Cardano ADX is currently at 19.96, a sharp increase from 11 the previous day, indicating that the trend is strengthening. However, as ADA is in a downtrend, the rise in ADX indicates that bearish momentum is building.

This suggests that selling pressure is intensifying and ADA may face further losses in the near term if buyers fail to offset the growing bearish trend.

ADX (Average Directional Index) measures the strength of a trend but does not indicate its direction. A value above 25 indicates a strong trend, while a reading below 20 indicates a weak or no-trend market.

and ADA ADX is approaching 20 and climbing, the downtrend may soon transition into a more clearly bearish phase, which may lead to higher prices volatility. unless cardano price If support is found or a surge in buying activity is seen, the current trajectory points to continued weakness in the short term.

ADA whales are exiting the market

The number of addresses held is between 10 million and 100 million ADA The number has dropped to 407 from 409 five days ago. This drop suggests that the number of large holders, or whales, is steadily decreasing, following a sharp increase in early December.

The decline suggests that some whales may be selling off their positions, which may indicate declining confidence or profit-taking.

Tracking whale activity is crucial as these large holders have a significant impact on market trends. The number of ADA whales increased from 400 to 409 between December 10 and 14, reflecting strong accumulation during that period.

However, the subsequent decline suggests that this accumulation phase may be reversing, which could lead to increased selling pressure and short-term downside for ADA unless fresh buying interest emerges.

Cardano Price Prediction: Can ADA Revise 46%?

Cardano The EMA lines indicate that a stronger correction is likely as the short-term EMA is trending downward. The shortest EMA approaches a crossover below the longest EMA, which will form a death cross, a bearish signal that usually indicates continued downward momentum.

If this happens, ADA price A test of the immediate support at $0.95 is likely, and if it fails to break this level, further declines to $0.65 or even $0.519 are possible.

On the other hand, if the trend reverses and buying momentum increases, cardano price A challenge to the $1.03 resistance is likely. A successful move above this level could pave the way for further gains with targets at $1.18 and possibly $1.24.