ADA Price Under Pressure with Death Cross Formation Ahead | Airdrop Alert Pro

Cardano (ADA) price is showing increasing bearish momentum on multiple technical indicators as the ninth-largest cryptocurrency by market capitalization faces increasing pressure. ADA is down 12% in the past seven days and more than 4% in the past 24 hours, and currently has a market capitalization of $33 billion, although it still maintains its position as the ninth top-10 cryptocurrency.

Several technical indicators suggest downward pressure may continue, with the ADX showing increasing bearish momentum and whale accumulation remaining below recent peaks. While key support levels may provide temporary relief, the EMA lines may form a death cross, which would heighten the bearish outlook.

Cardano Downtrend Getting Stronger

cardano The Average Directional Index (ADX) strengthened significantly, rising from 14.2 to 22.3 in just two days.

A sharp increase in ADX (which measures trend strength on a scale of 0-100 regardless of direction) indicates that the current trend is gaining momentum from the weak trend area (below 20) into the emerging trend area (20-25).

and ADA price Being in a downtrend and ADX rising above 20 indicates that bearish momentum may be strengthening. The ADX climbed from weak (14.2) to medium trend strength (22.3) while prices moved lower, usually confirming increasing selling pressure.

However, the downtrend may still be in the early stages of development as ADX has not yet breached 25 (the strong trend threshold).

ADA whales are recovering

quantity Cardano Over the past three days, the number of whale addresses holding between 1 and 10 million ADA has increased slightly from 2,466 to 2,472, but is still below the peak of 2,483 addresses on January 14.

Whale accumulation patterns often provide insight into underlying price movements. These large shareholders can have a significant impact on the market through their trading decisions and often have sophisticated market analysis to inform their positions.

Current whale indicators are showing mixed signals ADA price prospect. While the recent increase in whale addresses suggests some new accumulated interest at current prices, the numbers are still below mid-January levels.

This pattern of whales slightly increasing their positions but remaining below recent peaks may indicate cautious accumulation rather than firm conviction, suggesting that large traders may be testing current price levels rather than displaying aggressive buying sentiment.

ADA Price Forecast: A Further Adjustment of 20%?

Cardano The exponential moving average (EMA) indicates an imminent death cross, with the short-term average potentially moving below the long-term average.

This bearish technical pattern could trigger a series of tests of support at $0.87, $0.829, and possibly even $0.76, implying 20% ​​downside risk cardano price.

A bullish reversal scenario would first need to overcome the $1.03 resistance level. Further upside targets are $1.11 and $1.16, representing a potential gain of 21% cardano price.

However, the looming death cross suggests that any upward move is likely to face significant resistance before the EMA lines signal a bullish correction.