ADA Price Drops 18% as Bearish Pressure Dominates
The price of Cardano (ADA) fell 30 % within a month, about 18 % in the past two weeks. Its market value has now dropped to $ 27 billion, which reflects the greater weakness of Altcoins.
Technical indicators, including rising ADXs and the loser Ichimoku cloud settings, indicate that the current decline of ADA is strengthening. Because the main support is $ 0.519, the potential decline is 0.32, the ADA needs a strong reversal to recover $ 0.78 and take it to $ 1.
Cardano ADX shows that the current decline trend is very strong
Cadano ADX soared to 44 only 11.2 three days ago, which showed that the trend intensity increased sharply. Because ADX measures the strength of the trend without indicating direction, this jump confirms that the current price change of ADA is growing.
In view of Aida It is in a downward trend, and this rising ADX indicates that the pressure on the decline is increasing rather than weakening.
The ADX value is higher than 25, which means a strong trend, and the reading exceeds 40 to represent the dominant market transfer.
As the ADA’s ADX is now 44 years old, the continuous decline seems to have established a good establishment. Unless major purchasing activities have changed significantly, the possibility of reversal is reduced. If the sales pressure continues, ADA may face further shortcomings and low support level.
Ada ichimoku Cloud shows the scene of the loser
Cadano Ichimoku Cloud Setup confirmed a strong decoction trend. The price is far lower than the cloud, which is an obvious sign of the downward momentum. The future clouds are also declining, which indicates that sales pressure may continue.
In addition, the Tenkan-Sen (blue line) remains under the Kijun-Sen (red line), which has enhanced the short-term loser prospects.
for Aida To reverse this trend, it needs to return to the cloud and determine it as support. However, as the Chikou span (green line) lags behind the price movement, the expansion of the cloud is still very strong.
Unless the purchase volume increases significantly, it ADA price It may be difficult to restore the key resistance level and may continue to face downward risks.
ADA price prediction: Can Cardano be recovered at $ 1 this week?
Cardano price The current resistance is $ 0.78 and supports $ 0.519. If the continuous decline continues and the ADA loses this support, then the next main level to watch is $ 0.32, which will marked its lowest price since November 2024.
In view of the strong decoction momentum, the discount below $ 0.519 may accelerate.
However, if a wider cottage coin market begins to recover, Cadano can try Receive $ 0.78.
The successful breakthrough exceeding this level may push it to $ 0.87. If the momentum continues, ADA may reach $ 1, representing the potential 40.8 % income. In order to play this situation, purchase pressure will need to increase significantly.
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