Cardano prices face sales pressure
$Cardano Price I extended my recent fix and slid to about $0.76. Traders often watch Cardano News The ADA is cautious as they struggle to surpass key support levels. The $0.80 barrier has proven difficult to recapture, and bearish momentum is beginning to squeeze emotions.
Last month’s Cardano price – TradingView
Cardano price resistance is $0.80
The $0.80 zone remains an immediate resistance from the ADA. Multiple attempts to infiltrate high have failed and maintained Cardano prices cap. A sustained move above $0.80 is the first bull signal and could potentially open a pass back to $0.85 and $0.90.
ADA/USD 1 Day Chart – TradingView
But for now, the Addalls are facing a tough battle against downward pressure. The chart shows that the ADA is below the 50-day moving average ($0.86), indicating that the short-term momentum has changed in favor of bears.
Monitor Cardano’s price support level
In DisadvantagesADA immediate support is at nearly $0.73 (200-day moving average). If this level fails, the next support is $0.71. A break below $0.71 could accelerate sales to $0.62, a worst-case scenario of $0.55.
Therefore, the 0.73-0.71-$0.71 zone is important to maintain the medium-term bullish structure of the ADA. If it breaks, Cardano prices The risk of slipping into a deeper bearish stage.
Cardano price forecast from technical outlook
- Resistance level: $0.80, $0.85, $0.90
- Support Level: $0.73, $0.71, $0.62, $0.55
- index: The $ADA is trading at a 50-day SMA ($0.86), but exceeds the 200-day SMA ($0.73). Losing 200 days of SMA is a strong bear signal.
Currently, the ADA integrates a $0.80 resistance and a $0.73 support. In either direction, breakouts determine the next trend:
Cardano news and market sentiment
Recent Cardano News It highlights growing interest in the network’s ecosystem, but price action remains restrained. The wider crypto market slump has heavily weighed on the ADA, limiting bullish momentum despite ongoing development activities.
Once $bitcoin is stable, the ADA may rebound from the current level. However, the continued weakness of the overall market could push the ADA below the 200-day SMA.
