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: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market
  • 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: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

Cardano Price Might Reclaim Bullish Momentum At This Level

anushsamal
anushsamal
1 year ago
2 mins read
Cardano Price

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.

The Cardano price has been in a downtrend for the last two weeks. In the previous 24 hours, ADA has lost close to 5% of its market value. The ADA price has dropped by 10% in the last week. With Bitcoin losing its price momentum and falling into the $21,000 zone, all altcoins have been moving south on their respective charts.

Because of broader market weakness, demand and buyers faded. The technical outlook for the altcoin also sided with the bears.

Related Reading

Fantom

Fantom Moves Closer To Crucial Support, Is This Short-Term Price Correction?

2 years ago

Accumulation declined, which caused demand for the coin to dip further. Although the ADA price is falling due to a short-term price correction, it can start to reverse its price action if it remains above its immediate support line.

The market capitalization for ADA fell, which was also an indication that the selling pressure was mounting. If with a slight push from buyers, ADA breaks past the $0.40 price mark; then the coin can rally. Similarly, if the BTC price remains above the $21,600 level, other altcoins can also attempt to breach their nearest price ceilings.

Cardano Price Analysis: One-Day Chart

Cardano Price
Cardano was priced at $0.36 on the one-day chart | Source: ADAUSD on TradingView

ADA was trading at $0.36 at the time of writing. The altcoin moved quite close to its immediate price floor of $0.34. If the Cardano price remains above the $0.34 mark, the coin could attempt to breach the $0.38 price mark.

A move above the $0.38 price mark with an increase in demand will pave the easy way to the $0.40 price level. Immediate resistance for the Cardano price was at $0.38.

If bearish pressure intensifies, a fall from the $0.34 level will take ADA straight to $0.30. The amount of ADA traded in the last session was red, indicating a fall in buyers.

Technical Analysis

Cardano Price
Cardano registered an increase in sellers on the one-day chart | Source: ADAUSD on TradingView

ADA gradually descended from its overbought and overvalued zone when it lost the $0.39 price mark. The Relative Strength Index stood below the 50-mark, highlighting that the asset witnessed more selling than buying.

Following the above, ADA moved below the 20-Simple Moving Average line as sellers were driving the price momentum in the market.

Cardano Price
Cardano registered sell signals on the one-day chart | Source: ADAUSD on TradingView

The Moving Average Convergence Divergence (MACD) indicates price momentum and reversals formed by the red histograms, which is a signal to sell the asset. A dip usually follows this in price. Under the bears, other indicators also depicted a bearish pull on the chart for ADA.

The Directional Movement Index portrays the price direction of the asset. The indicator was negative, with the -DI line (orange) above the +DI line (blue).

Related Reading

Binance Paxos BUSD

Breaking: New York Regulator Orders Paxos To Stop Issuing Binance’s BUSD

1 year ago

The Average Directional Index (red) determines the trend; the indicator fell below 40, which meant that the current trend would weaken over the next trading session.

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

Ethereum

Ethereum Leads $3.75 Billion Crypto Inflows, XRP And Solana Join The Party

According to CoinShares’ latest Digital Asset Fund Flows Weekly Report, inflows into crypto-products were $3.75 billion last week, the fourth-largest...

Scott Matherson 4 days ago
cardano ada adausd

Cardano Defies Market Pullback: Could On-Chain Momentum Signal a 70% Run Ahead?

While most cryptocurrencies saw steep declines amid a $1.05 billion liquidation wave, Cardano (ADA) stood out as the only top-50...

James Halver 1 week ago
Cardano, ADA, Charles Hoskinson

Cardano (ADA) Remains Green Despite Market Pullback – Is It Ready For A 70% Run?

After hitting a new multi-month high, Cardano (ADA) has retraced alongside the rest of the market. Some analysts suggest that...

Rubmar Garcia 1 week 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

Cardano Climbs To 8th, Pushing Dogecoin And TRON Down The Ranks

Christian Encila 3 days ago
cardano ada adausd (2)

Cardano Defies Market Dip With 20% Weekly Surge: Analysts Eye $10 Target Ahead

James Halver 3 days ago

Cardano (ADA) Pulls Back, Will Bears Push It Lower Again?

Aayush Jindal 3 days ago

Premium Sponsors

Press Releases

  • Seize the XRP Surge: ETHRANSACTION Mining Platform Allows...

    3 days ago
  • Négy altcoin, amely több mint 200%-os növekedési potenciállal rendelkezik|Új történelmi csúcs a Bitcoin árfolyamában

    Négy altcoin, amely több mint 200%-os növekedési...

    3 days ago
  • Cztery altcoiny z potencjałem wzrostu powyżej 200%|Nowe rekordy cenowe Bitcoina

    Cztery altcoiny z potencjałem wzrostu powyżej 200%|Nowe...

    3 days ago
  • HTX Launches 12th-Anniversary Carnival and Embarks on a New...

    3 days ago
  • 仮想通貨 おすすめ:Token6900が急成長、次のビッグミームコイン候補か?

    TOKEN6900 プレセールが220万ドル突破 –...

    3 days ago

Newsletter

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.