Cardano ADA Faces Bearish Pressure as Key Support Levels Loom

Cardano’s ADA is currently experiencing a bearish trend, trading NEAR $0.650 with a 6% decline over the past two days. On-chain metrics and technical indicators suggest growing bearish sentiment among traders, with negative funding rates and dwindling network activity adding to the downward pressure. The cryptocurrency’s near-term trajectory hinges on critical support levels, as both RSI and MACD display bearish divergences. This summary delves into the key factors influencing ADA’s price movement and what traders should watch for in the coming days.

Cardano Price Forecast: Bearish Momentum Builds Amid On-Chain Weakness

Cardano’s ADA hovers near $0.650, marking a 6% decline over two days as on-chain metrics flash warning signs. Negative funding rates and dwindling network activity suggest growing bearish sentiment among traders.

Technical indicators reinforce the downward pressure, with both RSI and MACD displaying bearish divergences. The cryptocurrency now faces critical support levels that could determine its near-term trajectory.

Is Cardano (ADA) Poised For Immediate 18% Price Drop? (Analyst)

Cardano’s ADA has retreated sharply from its December 2024 high of $1.30, now trading near $0.66—a 45% decline. Despite failing to breach key resistance levels, on-chain data reveals whales accumulated over 410 million ADA in April, suggesting institutional confidence may be building.

Analyst Ali Martinez warns of further downside potential, citing technical weakness. However, the token’s oversold RSI reading and whale accumulation present a conflicting narrative—one of capitulation versus accumulation at discounted levels.

Cardano Nears Critical Support as Whale Activity Plummets

Cardano’s ADA faces mounting pressure as its price teeters above the $0.65 support level, a breach that could trigger $5.56 million in long position liquidations. The altcoin has shed 3.75% in 24 hours amid an 83.54% collapse in whale transactions exceeding $1 million—a stark signal of eroding institutional confidence.

Trading volume surged 12% during the decline, reflecting heightened market participation. This liquidity crunch mirrors broader crypto market anxieties, though ADA’s blockchain fundamentals remain untested at these price levels. The $0.65 threshold now serves as a litmus test for investor conviction.

Cardano Faces Resistance as Analyst Predicts Potential Drop to Lower Support Levels

Cardano (ADA) hovers near a decisive price point after days of stagnation around $0.70. Bullish attempts to sustain this level are losing steam, with increasing sell pressure reflecting market apprehension. The lack of clear directional momentum coincides with heightened volatility across cryptocurrency markets.

Crypto analyst Ali Martinez notes ADA’s rejection at the upper boundary of its descending channel—a trendline that has repeatedly stifled recovery attempts. This technical setback signals potential downside risk, particularly if bearish sentiment dominates broader markets.

A failure to regain upward traction could force ADA to retest lower support zones. The asset’s trajectory now hinges on whether buyers can muster sufficient demand to counteract the prevailing resistance.