Cardano ADA Faces Bearish Pressure as Key Indicators Signal Downturn
Cardano (ADA) has been struggling to maintain bullish momentum, trading below the $0.70 mark since March 29. Recent technical indicators, including BBTrend and ADX, suggest fading buying pressure, with the BBTrend flipping negative to -0.78, indicating a potential momentum reversal. The cryptocurrency’s price remains trapped between critical support and resistance levels, leaving its short-term direction uncertain. Additionally, Cardano developer IOG is seeking $13.4 million in funding, adding another layer of complexity to ADA’s near-term outlook.
Cardano (ADA) Might Turn Bearish
Cardano (ADA) has been trading below the $0.70 mark since March 29, struggling to regain bullish momentum. Recent indicators such as BBTrend and ADX show fading buying pressure, while EMA alignment remains bearish. The BBTrend has flipped negative, currently sitting at -0.78, signaling a momentum reversal. With price stuck between key support and resistance levels, ADA’s next move could define its short-term direction.
Cardano Developer IOG Seeks $13.4 Million Funding For 2025 Roadmap
Input Output Global’s (IOG’s) research arm has formally asked the Cardano community to fund a twelve-month programme of cutting-edge R&D. The proposal, ’Cardano Vision – Work Program 2025’, aims to fund foundational work required for long-term growth, covering twenty fundamental research streams such as Ouroboros, Tokenomics, Hydra, and Interchains, and six technology-validation streams including Leios, Minotaur, Jolteon Liveness, RSnarks, and a revamped anti-grinding defence.
Cardano’s Charles Hoskinson Unbothered by White House Crypto Roundtable Snub
Cardano’s Charles Hoskinson did not mind not getting invited to the crypto summit. Expectations were that Cardano’s token would be included in a crypto strategic reserve, but Hoskinson shrugged off the snub. He is not trying to foster a connection with the Trump administration and believes that building relationships there only helps for optics and does not translate into sustainable, permanent policy.
Cardano Price Analysis: Chances of a Major Rally Unlikely
The Cardano (ADA) price is currently testing key near-term resistance around its 21DMA. While the likelihood of a modest short-term rebound is growing, the outlook for a sustained rally isn’t great. ADA broke above a short-term downtrend a week ago, and if it breaks above its 21DMA, a bounce to its 200DMA in the $0.70s is likely. However, it remains stuck within its recent multi-month $0.50-$1.20 range, and the outlook for a major breakout isn’t looking great due to poor risk appetite in the broader market and unlikely new liquidity.
