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Cardano ADA: Navigating Short-Term Volatility with Long-Term Bullish Potential

Cardano ADA: Navigating Short-Term Volatility with Long-Term Bullish Potential

Author:
ADA News
Published:
2025-05-18 08:46:46
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[TRADE_PLUGIN]ADAUSDT,ADAUSDT[/TRADE_PLUGIN]

Cardano (ADA) is currently sending mixed signals to investors, with technical indicators pointing to a potential short-term correction while maintaining a bullish long-term outlook. As of May 18, 2025, ADA’s price stands at $0.761 USDT, caught between conflicting market forces that could shape its trajectory in the coming weeks.

Cardano’s Mixed Signals: Short-Term Crash Looms but $0.9 Target Holds

Cardano (ADA) exhibits conflicting technical signals as its market structure suggests an impending short-term correction. Analysts warn of a potential drop to $0.75, citing Elliott Wave Theory and Fibonacci retracement levels. The cryptocurrency recently completed a five-wave impulse rally, typically indicating exhaustion of bullish momentum.

Despite bearish near-term indicators, the broader uptrend remains intact. Key chart patterns continue to support a longer-term bullish case, with $0.90 still appearing achievable. This divergence creates tension between immediate downside risks and sustained upward potential.

TradingView analyst SiDec emphasizes ADA’s consolidation phase following its recent surge. The coming days may prove decisive in determining whether support levels hold or if deeper retracement occurs. Market participants appear divided between those anticipating a swift correction and others positioning for continuation of the primary trend.

Cardano (ADA) Slips 4% Amid Broad Crypto Market Retreat

Cardano’s ADA token fell nearly 4% in 24 hours as bearish sentiment swept through cryptocurrency markets. The decline mirrors wider weakness across digital assets, with traders eyeing key support levels that could determine near-term price direction.

On hourly charts, ADA approaches critical support at $0.7353. A breach here may test the $0.73 threshold within a day. The daily timeframe shows similar pressure, with a breakdown below $0.7445 potentially accelerating losses toward $0.70-$0.72 by week’s end.

Market participants note fading bullish momentum despite previous upward moves. The lack of buyer response at current levels suggests continued vulnerability to further downside across crypto markets.

Cardano Whales Slide as ADA Price Faces Potential Death Cross

Cardano’s ADA enters a precarious phase as bearish signals mount. The BBTrend indicator has turned negative, dropping to -2.43 after five days in positive territory—a stark reversal from its May 12 peak of 17.34. This technical deterioration suggests weakening momentum and potential consolidation ahead.

Whale activity shows unusual volatility while the threat of a death cross looms over ADA’s exponential moving averages. The token’s ability to hold critical support levels now hinges on near-term market sentiment and broader cryptocurrency conditions. Technical analysts watch closely as these developments unfold against a backdrop of shifting on-chain metrics.

Cardano Whale Activity Spikes – 80 Million ADA Added In 48 Hours

Cardano (ADA) faces a critical juncture as bulls defend the $0.74 support level, aiming to build momentum for a potential push toward $0.90. The cryptocurrency has rallied 68% since April lows, with current price action testing a historically significant demand zone.

On-chain data reveals a surge in whale accumulation, with over 80 million ADA purchased in the past two days. This large-scale buying activity suggests growing institutional confidence, often a precursor to sustained upward momentum.

The $0.90 resistance level now represents the next major hurdle for ADA’s recovery. Market participants are watching closely to see if this renewed whale interest can translate into a decisive breakout.

|Square

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