Cardano Price Prediction: ADA Plunges 10% Overnight – What’s Driving The Crash?

Cardano just got wrecked. ADA investors woke up to a brutal 10% haircut overnight as the broader crypto market turned blood red.

Technical Breakdown

The sell-off smashed through key support levels that traders had been watching for weeks. No fancy algorithms needed to spot this carnage—just a classic cascade of liquidations and panic selling.

Market Context

While ADA took the hardest hit among major altcoins, the entire sector felt the pain. Typical crypto behavior: when Bitcoin sneezes, everything else catches pneumonia. Traders are now scrambling to figure out if this is a healthy correction or the start of something uglier.

Looking Ahead

Cardano's fundamentals haven't changed overnight—but in crypto land, fundamentals often take a backseat to leverage and sentiment. The 10% drop puts ADA at a critical juncture where it either finds buyers or risks testing even lower levels. Because nothing says 'sound investment' like double-digit daily swings that would give traditional finance professionals heart attacks.

After briefly surging to 300,000, daily transactions within the Cardano network have dropped to 250,000 as bearish momentum has accelerated. Meanwhile, daily active addresses have retreated by 21.4% from their 3-month peak of 37,400.

Lower on-chain activity favors a bearish cardano price prediction.

Cardano Price Prediction: ADA Gets Swept Back Into Its Symmetrical Triangle

Cardano briefly broke above its symmetrical triangle earlier this month as it spiked to $1. However, these big losses are plunging ADA back into this formation and could prolong its consolidation phase.

The $0.90 level remains the key resistance to watch for the next few days. A bullish breakout above this mark could set off a much stronger rally toward the $1.3 area first and then to $2.

This WOULD mean a 100% upside potential if bullish momentum picks up steam again. Meanwhile, the key support level to watch is the lower trend line of this triangle, which sits at around $0.73.

This support area coincides with the 200-day exponential moving average (EMA) and increases the relevance of this price zone in particular.

If ADA bounces off this level, that would also favor a bullish ADA price prediction and increase the odds of a move toward $2.

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