Cardano’s ADA token has taken a sharp 12% dive in the past 24 hours, falling below its critical 50-day simple moving average (SMA) — a level that had offered price support since mid-March. This break not only disrupts ADA’s short-term momentum but also confirms a broader descending triangle pattern forming on the daily chart, signaling continued bearish control.
Read Cardano Price Prediction For More Detailed Insights
Technical indicators support the downtrend. The Relative Strength Index (RSI) is currently at 38, hovering just above the oversold zone. Meanwhile, the Moving Average Convergence Divergence (MACD) has flipped bearish, with the signal line now crossing below the MACD line — another red flag for bulls.
From a price action perspective, the next key support rests near $0.35 — a level tested in late 2024. A breakdown here could trigger further downside toward $0.28–$0.30, representing nearly a 30% drop from current levels. Bulls would need to reclaim the $0.60 mark and flip it into support to invalidate the bearish thesis. However, macroeconomic pressure — including renewed tariff threats and a broader 20% crypto market cap drop in 2025 — makes this a tough challenge.
Also Read: THORChain Price Prediction 2025, 2026 – 2030
Beyond price action, Cardano faces significant ecosystem hurdles. Its Total Value Locked (TVL) stands at just $314 million — well below newer chains like Berachain ($2.97B), Sui ($1.2B), and Sonic ($576M). Stablecoin liquidity is also lacking, with only $30 million in assets — a stark contrast to Berachain’s $1.3 billion.
Fundamental momentum has stalled as well. Key catalysts, including Cardano’s announced integration with BitcoinOS and a high-profile meeting involving founder Charles Hoskinson, remain shrouded in uncertainty. While a potential ADA ETF could spark upside, investor appetite appears concentrated on Bitcoin ETFs, as seen in recent ETH ETF outflows.
Cardano needs more than hope — it needs results.
Comments
0 comment