Cardano ADA News: Bearish Sentiment Persists Despite US Crypto Reserve Inclusion

Cryptocurrency market dynamics continue to shift, and Cardano (ADA) is currently facing significant bearish sentiment. Here’s a summary of the latest developments and what traders should expect next.

Cardano (ADA) Down 39% After Its US Crypto Reserve Inclusion: What’s Next?

Indicators like BBTrend and DMI show that bearish sentiment remains strong for Cardano (ADA), with sellers still in control. The BBTrend indicator is currently at -19.52, continuing its decline since yesterday. If the current downtrend continues, ADA could test key support levels, but a reversal could push it back toward major resistance zones. Traders are monitoring the situation to see if the decline continues or if ADA can regain momentum.

Cardano Struggles at $0.80: Next Move Uncertain

Cardano [ADA] faced a critical test at the $0.80–$0.66 range, with traders on edge due to volatility. Large transactions declined, signaling reduced whale interest. Over the past 24 hours, ADA declined by 2.65%, and by 20.20% over the past week. The $0.80–$0.66 level has historically been significant, serving as both resistance and support. Maintaining this level could be crucial for ADA’s next move, according to crypto analyst Ali Martinez.

Cardano Eyes Recovery with Positive Funding Rate and Bullish Bets

Cardano (ADA) price recovers slightly by 4%, trading around $0.70 on Tuesday, after falling nearly 7% the previous day. On-chain data signals further recovery as ADA’s funding rate turns positive, with bullish bets reaching the highest level over a month. The price decline of 36.36% last week continued with a nearly 7% pullback on Monday, but it has since recovered slightly after retesting its key support level at $0.64. A daily candlestick close below $0.57 would invalidate the bullish thesis.

Cardano Price Declines, Volume Increases

Cardano (ADA) price drops to $0.7220, marking a 2.94% decline in the last 24 hours. The daily trade volume climbed by 17.52% to $2,090,552,730. This volume increase amidst a price decline may indicate profit-taking or repositioning by crypto traders. Cardano has declined 10.29% in the last 7 days, with a total market capitalization of $25,435,139,944. In the last 24 hours, Story, Movement, and MANTRA emerged as top gainers, while Artificial Superintelligence Alliance, Lido DAO, and Uniswap ranked as top losers.

Cardano (ADA) Price Predictions for This Week

ADA holds above 64 cents but momentum remains bearish. After a volatile period, ADA’s price settled on key support at 64 cents, which has held so far. However, the momentum remains bearish with lower highs and lows, potentially pressuring the support again soon. The price initially rallied above $1 on news of Trump’s US Crypto Strategic Reserve including ADA, but the rally was a temporary market speculation, and the price corrected to pre-pump levels.