• 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

6 months 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.

Other news

Surge in Cryptocurrency Prices: Prepare for Potential Drops

chest

Despite the current rise, potential market movements warn traders of upcoming declines in cryptocurrency prices.

user avatarGiorgi Kostiuk

Investigation Launched Against Robinhood: Allegations of Misleading Customers in Crypto Trading

chest

Florida's financial authorities have opened an inquiry into Robinhood, accusing the firm of misleading customers about cryptocurrency trading costs.

user avatarGiorgi Kostiuk

Jamie Dimon's Take on Future Interest Rates: Key Insights

chest

Jamie Dimon predicts a 40-50% chance of rising US interest rates. What could this mean for the economy and investors?

user avatarGiorgi Kostiuk

ONDO: Successful Breakout and Upcoming Levels to Watch

chest

ONDO price has broken free from a prolonged downtrend and shows potential growth towards $1.13. Traders are keeping a close eye on developments.

user avatarGiorgi Kostiuk

BlockDAG, Chainlink, Polygon, and Polkadot: Top Crypto Trends This Season

chest

Overview of the current cryptocurrency market trends focusing on BlockDAG, Chainlink, Polygon, and Polkadot.

user avatarGiorgi Kostiuk

Top 5 Cryptos to Watch in 2025: BlockDAG, ETH, SOL, and More

chest

This article highlights five cryptocurrencies with growth potential and strong fundamentals, including BlockDAG, Ethereum, and Solana.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

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.