Cardano News Teeters on Edge: Could Sub-$0.80 Crash Be Next?

Cardano (ADA) finds itself in a precarious position after facing rejection near the $0.90-$0.95 resistance zone. The token's recent price action suggests bulls are losing control, raising concerns about whether current support levels will hold or give way to further selling pressure.

Cardano (ADA) Price Faces Critical Rejection Zone

A recent social media analysis highlighted ADA's deteriorating technical structure, suggesting the bearish pattern may continue. If current support fails, analysts expect a decline toward $0.80 or lower, representing significant downside risk for holders.

Technical Breakdown Signals Trouble for Cardano (ADA) Price

Chart analysis shows Cardano broke down from a triangle pattern, sliding beneath the critical $0.90 support level. The RSI indicator confirms weakening momentum, pointing to continued selling pressure ahead.

If ADA fails to defend $0.848 support, the next target becomes $0.80 – roughly 6% lower from current levels. However, a decisive reclaim of the $0.90–$0.95 zone could quickly shift sentiment back to bullish, setting up Cardano for a potential recovery rally.

ADA4.87%
EDGE-3.26%
此頁面可能包含第三方內容,僅供參考(非陳述或保證),不應被視為 Gate 認可其觀點表述,也不得被視為財務或專業建議。詳見聲明
  • 讚賞
  • 留言
  • 轉發
  • 分享
留言
0/400
暫無留言
交易,隨時隨地
qrCode
掃碼下載 Gate App
社群列表
繁體中文
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)