ADA Price Prediction: Navigating Bearish Signals Amid ETF Uncertainty

ADA Technical Analysis: Mixed Signals Amid Bearish Pressure

BTCC financial analyst William notes that ADA is currently trading below its 20-day moving average (0.772985 USDT), suggesting short-term bearish momentum. The MACD shows a positive histogram (0.023760) but remains NEAR the zero line, indicating weak bullish momentum. Bollinger Bands show price hovering near the middle band, with potential support at 0.711941 (lower band) and resistance at 0.834029 (upper band).

Bearish Sentiment Grows as Cardano Faces Technical and Fundamental Headwinds

BTCC financial analyst William points to concerning headlines about Cardano, including Elliott Wave Theory signaling a bearish turn and potential 50% decline warnings. These fundamental concerns align with the technical picture showing ADA struggling below key moving averages. The upcoming ADA ETF deadline adds another LAYER of uncertainty to the price action.

Cardano Faces Potential 50% Decline as Elliott Wave Theory Signals Bearish Turn

Cardano’s ADA exhibits vulnerability after failing to breach the $0.84 resistance level, with technical analysts warning of an impending corrective phase. The cryptocurrency, which had demonstrated resilience during recent market fluctuations, now shows signs of exhaustion according to Elliott Wave principles.

A TradingView analysis suggests ADA is completing a B-wave correction that began between April and June 2025, potentially heralding a Wave C breakdown. This bearish pattern projects a downward target near $0.42, representing a 50% depreciation from current levels. Market participants are closely monitoring whether this technical formation will invalidate ADA’s established uptrend.

Cardano Price Forecast: Triangle Fallout Looms Ahead of ADA ETF Deadline

Cardano’s consolidation persists for a second week as the SEC’s decision on a Grayscale ADA spot ETF approaches. ADA’s funding rate has plummeted, signaling heightened trader anxiety. Technical indicators suggest a potential breakdown below a critical triangle pattern.

ADA trades at $0.74, down 1%, ahead of Thursday’s SEC ruling. The Grayscale ETF deadline was previously extended from April 14 to May 29. Market volatility spikes as anticipation builds, though further delays remain possible—mirroring the SEC’s recent 45-day postponement of Fidelity’s Solana Fund listing request.

Despite a 9% May gain, ADA’s price action forms a tightening triangle. Lower highs on March 3, May 12, and May 23 contrast with support from April 9, May 6, and May 25 lows. The 50-, 100-, and 200-day EMAs cluster near the support trendline, potentially cushioning sell pressure. A golden cross between the 50- and 200-day EMAs hints at bullish reversal potential.