Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the hreflang-tags-pro domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/wp-includes/functions.php on line 6121
[www-stage.newsbtc.com/news/cardano/cardano-could-be-heading-for-a-20-correction-technical-data-signals-bearish-price-structure/]
[wp-includes/functions.php:6121 trigger_error(), wp-includes/functions.php:6061 wp_trigger_error(), wp-includes/l10n.php:1371 _doing_it_wrong(), wp-includes/l10n.php:1409 _load_textdomain_just_in_time(), wp-includes/l10n.php:195 get_translations_for_domain(), wp-includes/l10n.php:307 translate(), wp-content/plugins/hreflang-tags-for-wordpress/includes/variables.php:24 __(), wp-content/plugins/hreflang-tags-for-wordpress/hreflang-tags-pro-main.php:45 include_once('wp-content/plugins/hreflang-tags-for-wordpress/includes/variables.php'), wp-content/plugins/hreflang-tags-for-wordpress/hreflang-tags-pro.php:40 require_once('wp-content/plugins/hreflang-tags-for-wordpress/hreflang-tags-pro-main.php'), wp-settings.php:545 include_once('wp-content/plugins/hreflang-tags-for-wordpress/hreflang-tags-pro.php'), wp-config.php:53 require_once('wp-settings.php'), wp-load.php:50 require_once('wp-config.php'), wp-blog-header.php:13 require_once('wp-load.php'), index.php:17 require('wp-blog-header.php')]

Cardano Could Be Heading For A 20% Correction – Technical Data Signals Bearish Price Structure
NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Cardano Could Be Heading For A 20% Correction – Technical Data Signals Bearish Price Structure

Sebastian Villafuerte
Sebastian Villafuerte
6 months ago
3 mins read
Cardano Could Be Heading For A 20% Correction – Technical Data Signals Bearish Price Structure

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Cardano (ADA) has seen significant volatility in recent weeks, capturing the attention of investors and analysts alike. After reaching a local high of $1.15 on November 23, the price retraced significantly and recently failed to reclaim this key level. The inability to break above $1.15 has raised questions about whether ADA’s bullish momentum can sustain its recent uptrend.

Related Reading

Dogecoin Ready To Hit $1 – Price Struggles To Break Above Major Resistance

Dogecoin Ready To Hit $1 – Price Struggles To Break Above Major Resistance

6 months ago

Top analyst and investor Ali Martinez has weighed in, highlighting the potential for a 20% correction if Cardano loses critical demand zones. His analysis suggests that ADA’s current consolidation phase could either serve as a foundation for another rally or lead to further downside if key support levels fail to hold.

The coming days will be pivotal for Cardano, as its price action will determine whether it can break above yearly highs or retreat to lower levels for consolidation. Investors closely monitor ADA’s ability to hold crucial support zones, as losing them could signal a deeper retracement.

Conversely, a decisive move above $1.15 could renew bullish optimism, setting the stage for further gains. Cardano remains at a critical juncture, with both risk and opportunity shaping the market outlook.

Cardano Losing Strength

Cardano’s (ADA) price action has displayed weakening momentum as it struggles to maintain its upward trajectory. After failing to break above the key $1.15 resistance level decisively, ADA’s bullish momentum appears to be fading. Analysts are now questioning whether Cardano can sustain its recent rally or is poised for a deeper correction.

Analyst Ali Martinez shared a detailed technical analysis on X, highlighting key levels that could dictate ADA’s next move. According to Martinez, a close below $1.10 would signal a potential trend shift, raising investor concerns. 

Cardano could face a correction soon
Cardano could face a correction soon | Source: Ali Martinez on X

Furthermore, he notes that a drop below $1.03 would confirm a bearish breakout, potentially driving the price down to $0.88. Martinez’s analysis emphasizes the significance of supply and demand zones, suggesting that these levels could trigger sharp price reactions in either direction.

Despite the bearish outlook, there is still room for optimism. Cardano could recover and potentially push toward new highs if the broader cryptocurrency market resumes its bullish trend. However, any upside may lack the strong momentum seen earlier in the rally.

Related Reading

Dogecoin Consolidates Below Key Supply Level – Analys Expects Parabolic Rally Soon

Dogecoin Consolidates Below Key Supply Level – Analyst Expects Rally Soon

6 months ago

Cardano remains at a critical juncture, with its price hovering near key support levels. The next few days will determine whether ADA can reclaim its bullish footing or succumb to increased selling pressure.

ADA Testing Support At Crucial Demand Level

Cardano is currently trading at $1.08 after failing to sustain its recent bullish momentum above the previous high of $1.15. Despite briefly reaching a new local high of $1.19, the price could not maintain this level, slipping below the $1.15 threshold—a key demand zone that now acts as resistance. This inability to hold above previous highs raises concerns about the strength of ADA’s upward trend.

ADA testing liquidity between $1.15 and $1.10
ADA testing liquidity between $1.15 and $1.10 | Source: ADAUSDT Chart on TradingView

The $1.15 level is pivotal for Cardano’s near-term price action. If ADA manages to reclaim this level and establish it as a solid support, it could reinvigorate bullish sentiment and potentially pave the way for further gains. However, failure to do so increases the risk of a deeper correction, as the current price suggests a lack of sustained buying pressure.

Related Reading

Shiba Inu Could Increase 75% If It Holds Current Level – Analyst Shares Price Target

Shiba Inu Could Increase 75% If It Holds Current Level – Analyst Shares Price Target

6 months ago

Market participants are closely monitoring ADA’s price behavior around this critical zone. A sustained move above $1.15 could signal renewed demand and spark another attempt to push toward $1.20 and beyond. Conversely, continued weakness at current levels might lead to further downside, with ADA testing lower supports.

Featured image from Dall-E, chart from TradingView

Tweet123Share196ShareSend
Sebastian Villafuerte
Sebastian Villafuerte

Sebastian Villafuerte

Sebastian's journey into the world of crypto began four years ago, driven by a fascination with the potential of blockchain technology to revolutionize financial systems. His initial exploration focused on understanding the intricacies of various crypto projects, particularly those focused on building innovative financial solutions. Through countless hours of research and learning, Sebastian developed a deep understanding of the underlying technologies, market dynamics, and potential applications of cryptocurrencies.

Read more

To share his insights with others, Sebastian became an active contributor to online discussions on platforms like X and LinkedIn. His focus on fintech and crypto-related topics quickly established him as a trusted voice in the online crypto community. Sebastian's goal was to educate and inform his audience about the latest trends and insights in the rapidly evolving crypto landscape.

To further enhance his expertise, Sebastian pursued a UC Berkeley Fintech: Frameworks, Applications, and Strategies certification. This rigorous program equipped him with valuable skills and knowledge regarding Financial Technology, bridging the gap between traditional finance and decentralized finance. The certification deepened his understanding of the broader financial landscape and its intersection with blockchain technology.

Sebastian's passion for finance and writing is evident in his work. He enjoys delving into financial research, analyzing market trends, and exploring the latest developments in the crypto space. In his spare time, Sebastian can often be found immersed in charts, studying 10-K reports, or engaging in thought-provoking discussions about the future of finance.

Sebastian's journey as a crypto pioneer has been marked by a relentless pursuit of knowledge and a dedication to sharing his insights. His ability to navigate the complex world of crypto, combined with his passion for financial research and communication, makes him a valuable contributor to the industry. As the crypto landscape continues to evolve, Sebastian remains at the forefront, providing valuable insights and helping to shape the future of this revolutionary technology.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Cardano (ADA) In Focus: Can It Break This Barrier and Reclaim Momentum?

Cardano price started a fresh increase above the $0.7250 zone. ADA is now consolidating and facing hurdles near the $0.760...

Aayush Jindal 2 weeks ago
XRP

XRP Price Will Still Rally From Here, Crypto Veteran Raoul Pal Forecasts

Crypto veteran Raoul Pal has shared his thoughts on the XRP price, predicting it still has more room to rally...

Scott Matherson 2 weeks ago
ADA

L’ultima volta che è successo, Cardano ha raggiunto i $3: la storia si ripeterà?

Nella giornata di oggi – martedì 20 maggio – Cardano sta registrando un forte rimbalzo mentre Bitcoin e la maggior...

Gaia Tommasi 2 weeks ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Cardano (ADA) On The Rise

Cardano (ADA) Capped Below Resistance — Will Buyers Regain Control?

Aayush Jindal 1 week ago
Cardano

Cardano: Elliot Wave Predicts 50% Crash For ADA Price, Is It Time To Get Out

Scott Matherson 1 week ago
cardano ada

Did Cardano Founder Steal $619 Million? Hopkinson Makes Shocking Revelation

Scott Matherson 2 weeks ago

Premium Sponsors

Top Brands

Press Releases

  • A smart choice for XRP investors to passively earn money...

    1 week ago
  • Bitget Lists Ripple USD (RLUSD) to Expand Stablecoin...

    1 week ago
  • Bitget Lists Ripple USD (RLUSD) to Expand Stablecoin...

    1 week ago
  • Let everyone earn $10,0080 a day – CRYPTOMININGFIRM...

    1 week ago
  • Start RIPPLECOIN Mining cloud mining package through...

    1 week ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.