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: Tether Resolves Celsius Lawsuit With Major $300 Million Settlement Deal
  • 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: Tether Resolves Celsius Lawsuit With Major $300 Million Settlement Deal

Cardano Price Rejected at $0.36, How Long Will The Correction Last?

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.

The price of Cardano has been following a bearish trajectory for the past couple of weeks. However, in recent trading sessions, there were bullish attempts as buyers tried to push the price higher. Unfortunately, selling pressure emerged again, causing Cardano to trade near its crucial support level.

The technical outlook for ADA is bearish. The chart’s demand and accumulation indicators have been depreciating, suggesting a lack of buying interest in the market.

Moreover, the broader market strength remains uncertain, with Bitcoin recently dipping below the $27,000 price zone in the recent past. This has resulted in many major altcoins, including Cardano, facing rejection at their immediate resistance levels.

Related Reading

litecoin undervalued crypto bitcoin ethereum

Why Litecoin Is The Most Undervalued Asset in Crypto

2 years ago

Currently, Cardano finds itself at a critical price point. If it manages to move above the overhead resistance, it could initiate a recovery for the coin. However, if the price falls from its current level, it would struggle to sustain itself above the crucial support, potentially leading to bearish dominance.

If Bitcoin trades above the $27,000 mark, it might positively impact Cardano’s price and potentially lead to a recovery.

However, for a significant price turnaround, it is essential for buying confidence to resurface in the market. The decline in Cardano’s market capitalization indicates that sellers have dominated the market.

Cardano Price Analysis: One-Day Chart

Cardano
Cardano was priced at $0.367 on the one-day chart | Source: ADAUSD on TradingView

At the time of writing, Cardano (ADA) was priced at $0.367. Over the past 24 hours, ADA experienced a 1.3% decline in price, while there hasn’t been any significant movement on the weekly chart. The key resistance level for ADA is at $0.37, which has proven to be a strong barrier that the bulls have failed to break through in recent weeks.

If ADA surpasses the $0.37 resistance, it can reach $0.39, resulting in a significant price increase. However, if the price falls from its current level, it could drop below the crucial support line of $0.35, which the bulls have been defending thus far.

The trading volume of ADA in the last session was in red, indicating a decrease in the number of buyers participating in the market.

Technical Analysis

Cardano
Cardano displayed low buying strength on the one-day chart | Source: ADAUSD on TradingView

Throughout the month, ADA has displayed weak buying strength. This is evident from the Relative Strength Index (RSI) staying below the 40-mark, indicating a prevalence of selling strength rather than buying strength. However, if ADA surpasses its immediate price ceiling, it could lead to a recovery in buying strength.

Moreover, ADA has also fallen below its 20-Simple Moving Average (SMA) line, further confirming that sellers have been driving the price momentum in the market.

Cardano
Cardano displayed buy signals on the one-day chart | Source: ADAUSD on TradingView

Contrary to previous observations, ADA showed buy signals on the one-day chart. The Awesome Oscillator, which indicates momentum and trend reversal, displayed green histograms associated with buy signals. This suggests a potential price appreciation in the upcoming trading sessions.

Related Reading

Ethereum

Historical Crossover Suggests Ethereum (ETH) Top Is In

2 years ago

The Bollinger Bands, which represent price fluctuation and volatility, were also parallel and wide. This indicates a higher likelihood of price fluctuations.

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

ada-cardano-50-millions-rattrape-eth-sol

ADA : Cardano veut rattraper ETH et SOL grâce à 50 M$

Cardano met 50 Millions ADA sur la table pour gonfler la liquidité des stablecoins et relancer la DeFi ainsi que...

evanss 1 week ago
cardano ada adausd

Can Cardano Slip Below $0.30? ETF Speculation and Analyst Warnings Cloud ADA Outlook

Cardano (ADA) is trading around $0.78–$0.80, struggling beneath a strong resistance at $0.83–$0.85, where the 50/100/200-day EMAs converge. Prediction markets...

James Halver 2 weeks ago
Cardano Whale

Cardano Whale Makes $54 Million Coinbase Outflow: Sign Of Dip Buying?

On-chain data shows a Cardano whale has made a massive withdrawal from Coinbase, a sign that may be bullish for...

Keshav Verma 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 schiet 10% omhoog na crypto crash - ADA koers verwachting Q4 2025

Cardano schiet 10% omhoog na crypto crash – ADA koers verwachting Q4 2025

Lars Diederiksen 1 day ago
cardano ada adausd

Cardano (ADA) Price Eyes $0.94 as Coinbase Boosts Holdings 462% and Q4 Rally Hype Grows

James Halver 1 week ago
cardano ada adausd

Cardano Price To Hit $7.82 This Bull Run — Analyst Says It’s ‘On Track To Meet Targets’

Sandra White 1 week ago

Premium Sponsors

Press Releases

  • ドージコイン 今後の価格予測:クジラの買い集めで1ドル目標が再び注目される

    ドージコイン...

    17 hours ago
  • リップル 今後:SEC申請が示すETF承認間近の兆し、XRPが1,000ドルを目指す瞬間か

    リップル...

    17 hours ago
  • 仮想通貨プレセール最終週:新興トークンが上場前に100倍高騰の予測

    ...

    17 hours ago
  • 新しい仮想通貨が350万ドルを調達、専門家が「2025年最高のプレセール」と評価

    ...

    18 hours ago
  • 新しい仮想通貨が急上昇:トランプ・トークンが注目され、次世代ミームプロジェクトが4百万ドル目前

    ...

    18 hours 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.