Cardano (ADA) Drops 39% After US Crypto Reserve Listing | Airdrop Alert Pro

Cardano (ADA) is facing huge sales pressure, down nearly 10% in the past 24 hours and nearly 29% in the past week. Since incorporating it into the U.S. strategic crypto protected area, the ADA has dropped 39%, working to restore bullish momentum.

Indicators such as BBTREND and DMI show that bearishness is still strong and sellers are still in control. If the current downtrend continues, the ADA can test the critical support level, but the reversal can push it toward the main resistance area.

ada bbtrend shows that sales pressure is getting stronger and stronger

The Cardano Bbtrend indicator is currently at -19.52 and has been declining since yesterday. Earlier this month, from March 5 to March 8, BBTREND remained positive, reaching its peak on March 6.

This shift from positive to negative regions indicates that the bullish trend is weaker and has Increase downward pressure on ADA prices. Traders are now observing whether this decline continues or whether ADA can restore momentum.

Bbtrend or Bollinger band Trends are an indicator that measures price trends based on Bollinger’s band. It indicates whether the asset is in a strong, bullish or bearish stage. When Bbtrend is positive, it indicates strong upward momentum, while negative values ​​indicate growth in sales pressure.

With ADA’s BBTREND now at -19.52, it indicates increased bearish sentiment, which suggests that prices may continue to decline unless buyers step in. If the downward trend persists, ADA may test critical support levels In the next few days.

Cardano DMI shows sellers still under control

The Cardano Directional Motion Index (DMI) chart shows that its average directional index (ADX) has risen to 34.5 from 26.6 yesterday. This growth suggests that the current trend of ADA, whether bullish or bearish, is strengthening its strength.

In view of ADA is on a downward trendrising ADX shows that sales pressure is increasing, making it harder to reverse prices in the near term.

The intensity of the trend on the ADX measurement scale ranges from 0 to 100, with a value above 25, indicating a strong trend, and over 50 indicates a very strong trend.

Meanwhile, Ada’s +DI (positive direction index) rose from 9.6 to 12 yesterday, but a slight decline from 13.8 a few hours ago, indicating a weaker bullish attempt.

Meanwhile, the -di (negative directional index) position is 29, down from 32.3 yesterday, but up from 25.2 a few hours ago.

This suggests that while sellers still control the trend, some short-term withdrawals will occur. If -di still dominates and ADX continues to rise, ADA decline may expand further.

Will Cardano be below $0.60?

Cardano EMA line indicates that potential death cross may soon form Bearish momentum.

When short-term EMA crosses below long-term EMA, death crossover occurs, which often leads to increased sales pressure.

If this bearish crossover occurs, ADA prices may drop furtherthe $0.58 support level becomes a key area worthy of attention. Failures below this level may cause deeper losses.

But, if Buyer regain control ADA can reverse its trend and the price may rise to the resistance level of $0.818. The above breakthrough could open the door for further growth of $1.02, which could open $1.17 if momentum is enhanced.