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-price-falls-below-key-support-levels-will-it-continue-to-fall/]
[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 Price Falls Below Key Support Levels, Will It Continue To Fall?
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 Price Falls Below Key Support Levels, Will It Continue To Fall?

anushsamal
anushsamal
1 year ago
2 mins read
Cardano

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’s native token, ADA, has been significantly affected by the recent downturn in the cryptocurrency market, experiencing a notable decline in price. Despite a recent surge of over 6% in the last 24 hours, the bearish sentiment continues to exert its influence.

Over the past week, Cardano has encountered a loss of approximately 26% in value, resulting in the breaking of crucial support levels that have now transformed into resistance levels.

Related Reading

Shiba Inu

Shiba Inu Traders Anxiously Await Shibarium Launch Date Amidst Uncertainty

1 year ago

From a technical outlook, Cardano indicates a prevailing bearish trend, with both demand and accumulation levels remaining relatively low. It becomes crucial for the coin to overcome the overhead resistance in order to mitigate the growing strength of bearish forces and facilitate a potential recovery.

Presently, the coin is oversold, prompting the emergence of buyers aiming to surpass the resistance barriers. Furthermore, the decline in Bitcoin’s value in recent days, as it revisited the $26,000 level, has had a negative impact on various altcoins, including Cardano. Consequently, the market capitalization of Cardano has declined, indicating diminished buying strength in the market.

Cardano Price Analysis: One-Day Chart

Cardano
Cardano was priced at $0.28 on the one-day chart | Source: ADAUSD on TradingView

ADA was trading at $0.28, at the time of writing. Following its rejection at the $0.34 level, the bears have taken control of the price trajectory. Presently, ADA has revisited a multi-month low price level. This signified a bearish trend and the crucial resistance level for the altcoin is observed at $0.30.

Should ADA face rejection at this level, there is a possibility of the price descending further below its current level. In the event of further depreciation, the coin may find support initially at $0.25 and potentially even lower.

The trading volume for Cardano in the last session was relatively low, suggesting that sellers currently hold an advantage in the market.

Technical Analysis

Cardano
Cardano was oversold on the one-day chart | Source: ADAUSD on TradingView

Following the rejection at $0.34, Cardano (ADA) has struggled to regain positive momentum and attract demand. The Relative Strength Index (RSI) has dipped below the half-line and even further below the 30-mark, indicating that the coin is significantly undervalued and oversold.

Furthermore, the price of ADA has dropped below the 20-Simple Moving Average (SMA) line, suggesting that selling pressure is currently driving the price momentum.

In order to revive demand in the market, ADA needs to overcome the resistance level of $0.30. Breaching this crucial barrier could potentially ignite a recovery and attract buyers back into the market.

Cardano
Cardano depicted a sell signal on the one-day chart | Source: ADAUSD on TradingView

Due to the low demand for ADA, sell signals have emerged, suggesting a potential continuation of the downtrend. The Moving Average Convergence Divergence (MACD), which indicates price momentum and potential reversals, has formed red signal bars, aligning with sell signals for ADA.

Related Reading

Bitcoin Mining

Bitcoin Bearish Signal: Miners Sell At 3rd Largest Scale Ever

1 year ago

Additionally, the Bollinger Bands, which reflect price volatility and fluctuations, have significantly diverged. This indicates that there may be increased price volatility and fluctuation in the upcoming trading sessions.

Featured Image From UnSplash, Charts From TradingView.com
Tweet123Share196ShareSend
anushsamal
anushsamal

anushsamal

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...

    2 weeks ago
  • Bitget Lists Ripple USD (RLUSD) to Expand Stablecoin...

    2 weeks ago
  • Bitget Lists Ripple USD (RLUSD) to Expand Stablecoin...

    2 weeks ago
  • Let everyone earn $10,0080 a day – CRYPTOMININGFIRM...

    2 weeks ago
  • Start RIPPLECOIN Mining cloud mining package through...

    2 weeks 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.