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

Bulls Have To Defend This Level To Prevent Cardano From Sliding Further

anushsamal
anushsamal
2 years 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.

Due to recent losses, the Cardano price is moving within a descending channel. Over the last 24 hours, the ADA price fell by 2%, and the altcoin price has failed to progress in the past week. The bears have maintained control of Cardano for the last two weeks.

At the moment, the ADA price is moving closer to its key support line. The technical outlook of the altcoin is siding with the bears as the altcoin lost buying pressure at press time. Both demand and accumulation fell on the daily chart, reflecting that the bears are attempting to take over the altcoin price.

Related Reading

Dogecoin

Dogecoin (DOGE) Slips 3% As Major Cryptos Face Significant Losses

2 years ago

The market capitalization of ADA fell on the chart, which suggests that sellers have made a subsequent entrance into the market. If ADA falls below its crucial support line, the bears will gain complete control over the price before the altcoin attempts to reverse that. For ADA to break out of the descending channel, demand has to note an appreciation over the subsequent trading sessions.

Cardano Price Analysis: One-Day Chart

Cardano
Cardano was priced at $0.364 on the one-day chart | Source: ADAUSD on TradimgView

ADA was trading at $0.364 at the time of writing. It happens to be moving inside a descending channel, which reflects bearishness on the chart. The bulls struggle to defend the altcoin from falling below the direct line.

ADA has to remain above its critical, crucial level of $0.349; The altcoin just fell below a vital price floor of $0.370. Overhead resistance for the coin stood at $0.383.

Once the altcoin clears the price mentioned above the mark, it could attempt to trade near the $0.400 resistance level. The amount of Cardano traded in the last session declined, which indicated that buying strength faded.

Technical Analysis

Cardano
Cardano noted a fall in buying pressure on the one-day chart | Source: ADAUSD on TradingView

As ADA moved within the descending channel, demand for the altcoin also noted a significant fall. The Relative Strength Index fell below the half-line, meaning sellers started taking over the market.

ADA must climb above the $0.380 mark for the bears to be invalidated. Similarly, the ADA price slowly moved below the 20-Simple Moving Average (SMA) line. This meant that sellers had started to drive the price momentum in the market.

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

Technicals have indicated that the bears have started to take charge. The altcoin noted sell signals on the daily chart. The Awesome Oscillator shows price momentum and reversals, forming red signal bars considered sell signals for the altcoin.

Related Reading

MATIC Price Prediction

MATIC Price Prediction: Polygon Could Bounce Back From This Support

1 year ago

The Chaikin Money Flow measures capital inflows and outflows at a given time. The indicator fell and stood on the half-line, meaning that capital inflows noted a decline, further strengthening the bearish outlook. This often means another fall in price before the coin begins to recover.

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) Bears Active

Cardano (ADA) Bears Active — Token at Risk of Another Leg Down

Cardano price started a fresh decline below the $0.5750 zone. ADA is now consolidating and might struggle to stay above...

Aayush Jindal 1 week ago

ADA與柴犬幣市場動盪中走弱 資金轉跑道AI迷因幣Snorter熱賣過百萬美元

中東局勢持續緊張,加密貨幣市場也未能倖免,總市值一度滑落至3.36萬億美元,週跌幅達2%以上。傳統強勢幣種如比特幣努力守穩整數關卡,但中小型代幣的表現卻更加疲弱,尤其是Cardano(ADA)與柴犬幣...

Mark Mak 1 week ago
Cardano, ADA, Charles Hoskinson

Cardano Headed For $0.32 If This Level Isn’t Reclaimed – Is ADA’s Rally Over?

Cardano (ADA) has been struggling to hold some crucial levels over the month, falling to multi-month lows over the weekend....

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 (ADA) Sideways

Cardano (ADA) Sideways — Support Intact, But No Spark for a Move Yet

Aayush Jindal 4 days ago
Cardano

Can Cardano Lead In Bitcoin DeFi? Founder Says It Needs A Central Voice First

Christian Encila 5 days ago
Cardano price

Cardano Price Woes To Continue? Analyst Expects ADA To Fall To $0.47

Opeyemi Sule 6 days ago

Premium Sponsors

Press Releases

  • Koja kriptovaluta ima veći potencijal za stvaranje milijunaša XRP ili Shiba Inu

    Koja kriptovaluta ima veći potencijal za stvaranje...

    4 hours ago
  • 3 altcoina koje vrijedi pratiti u prvom tjednu srpnja 2025

    4 hours ago
  • XRP Bulls Are Soaring — FINDMINING Rides the Wave to...

    10 hours ago
  • $AIN Expands to 7 DEXs as AI Network Activates Omnichain AI...

    10 hours ago
  • 仮想通プレセール注目:リップルが米銀行ライセンスを申請、機関投資家の関心が急上昇中

    ...

    1 day 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.