• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Cardano Loses $1 Support: Risks Falling to $0.55

user avatar

by Giorgi Kostiuk

a year ago

In recent months, Cardano has shown a similar trend to Bitcoin, consolidating around the $1 mark. However, if Bitcoin continues to correct, ADA may underperform.

USDT Paired Chart

On the USDT paired chart, ADA has been consolidating around the $1 mark after failing at the $1.3 resistance level. Currently, the price is dropping again towards the $0.75 support level and may break it to target the 200-day moving average, located around the $0.55 mark.

BTC Paired Chart

The ADA/BTC chart presents a similar picture. The price has been consolidating for months, but a breakdown of the 900 SAT level could lead to further decline towards the 200-day moving average, around the 700 SAT mark and even lower. Therefore, if the overall trend in the crypto market and Bitcoin remains bearish, ADA is likely to enter a declining phase.

Cardano's Cryptocurrency Outlook

If current trends in the cryptocurrency market persist in upcoming weeks, Cardano might face significant challenges. This is due to the critical support level at $1, which is essential to prevent further price drop.

Overall, the outlook for ADA remains negative if Bitcoin continues to decline.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Ethereum Price Struggles Below Key Resistance Levels

chest

Ethereum's price has failed to maintain levels above 2,950, entering a bearish zone as it consolidates losses.

user avatarMaya Lundqvist

Bitcoin's Price Swings Calm Down Compared to Nvidia

chest

Bitcoin's price swings have become less volatile compared to Nvidia's stock, indicating a shift in market dynamics.

user avatarLeo van der Veen

Crypto Market Faces Structural Challenges Despite Positive Drivers

chest

Analysts question the crypto market's lack of a bull run despite positive factors like increased liquidity and institutional buying, with concerns over structural challenges and a significant drop in market capitalization.

user avatarLi Weicheng

Bitmain's Massive Ethereum Purchase Signals Bullish Confidence

chest

Bitmain has purchased over $229 million worth of Ethereum, indicating strong institutional confidence in the cryptocurrency.

user avatarAisha Farooq

Steak n Shake Launches Bitcoin Payroll Option for Employees

chest

Steak n Shake will allow employees to receive part of their pay in Bitcoin starting December 17, 2025.

user avatarTenzin Dorje

SEC's New Standards Open Doors for Altcoin ETFs

chest

The SEC has introduced new listing standards for altcoin ETFs, effective September 2025, aiming to simplify the process and increase filings, but it raises concerns about market overcrowding.

user avatarBayarjavkhlan Ganbaatar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.