Friday, June 6, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

Cardano (ADA) Pressure Mounts—More Downside on the Horizon?

April 16, 2025
in Analysis
Reading Time: 2 mins read
0 0
A A
0
Home Analysis
Share on FacebookShare on TwitterShare on E Mail


Cardano value began a recent decline from the $0.680 zone. ADA is consolidating close to $0.620 and stays vulnerable to extra losses.

ADA value began a restoration wave from the $0.5850 zone.
The worth is buying and selling beneath $0.640 and the 100-hourly easy transferring common.
There’s a connecting bearish development line forming with resistance at $0.6350 on the hourly chart of the ADA/USD pair (knowledge supply from Kraken).
The pair may begin one other enhance if it clears the $0.640 resistance zone.

Cardano Value Faces Resistance

Previously few classes, Cardano noticed a recent decline from the $0.680 stage, like Bitcoin and Ethereum. ADA declined beneath the $0.650 and $0.640 assist ranges.

A low was fashioned at $0.6040 and the worth is now consolidating losses. There was a minor transfer above the $0.6120 stage. The worth examined the 23.6% Fib retracement stage of the current decline from the $0.6481 swing excessive to the $0.6040 low.

Cardano value is now buying and selling beneath $0.640 and the 100-hourly easy transferring common. On the upside, the worth would possibly face resistance close to the $0.6260 zone and the 50% Fib retracement stage of the current decline from the $0.6481 swing excessive to the $0.6040 low.

The primary resistance is close to $0.6350. There’s additionally a connecting bearish development line forming with resistance at $0.6350 on the hourly chart of the ADA/USD pair. The following key resistance could be $0.6480.

If there’s a shut above the $0.6480 resistance, the worth may begin a robust rally. Within the said case, the worth may rise towards the $0.680 area. Any extra beneficial properties would possibly name for a transfer towards $0.70 within the close to time period.

One other Drop in ADA?

If Cardano’s value fails to climb above the $0.6350 resistance stage, it may begin one other decline. Rapid assist on the draw back is close to the $0.6040 stage.

The following main assist is close to the $0.60 stage. A draw back break beneath the $0.60 stage may open the doorways for a take a look at of $0.580. The following main assist is close to the $0.5550 stage the place the bulls would possibly emerge.

Technical Indicators

Hourly MACD – The MACD for ADA/USD is gaining momentum within the bearish zone.

Hourly RSI (Relative Energy Index) – The RSI for ADA/USD is now beneath the 50 stage.

Main Help Ranges – $0.6040 and $0.580.

Main Resistance Ranges – $0.6350 and $0.6480.



Source link

Tags: ADACardanoDownsideHorizonMountsMorePressure
Previous Post

The SEC Ends Probe Into Ethereum NFT Project CyberKongz

Next Post

Crypto Comeback? Germany’s Next Ruling Party Reverses Its Stance

Related Posts

XRP Wave Structure Predicts Wild Fluctuations On Its Way To $4 ATH
Analysis

XRP Wave Structure Predicts Wild Fluctuations On Its Way To $4 ATH

June 6, 2025
XRP Price Sends Mixed Signals After 4 Green Daily Closes, Crash Or Rally?
Analysis

XRP Price Sends Mixed Signals After 4 Green Daily Closes, Crash Or Rally?

June 6, 2025
Over 60% of Pump.fun wallets lost money: report
Analysis

Over 60% of Pump.fun wallets lost money: report

June 5, 2025
Price Slips Further, Investors on Edge
Analysis

Price Slips Further, Investors on Edge

June 5, 2025
XRP Price Dips to Support: Is a Bullish Rebound on the Horizon?
Analysis

XRP Price Dips to Support: Is a Bullish Rebound on the Horizon?

June 5, 2025
SPX6900 price surges as Bitcoin Pepe momentum accelerates
Analysis

SPX6900 price surges as Bitcoin Pepe momentum accelerates

June 4, 2025
Next Post
Crypto Comeback? Germany’s Next Ruling Party Reverses Its Stance

Crypto Comeback? Germany’s Next Ruling Party Reverses Its Stance

KiloEx Makes Offer to Hacker

KiloEx Makes Offer to Hacker

The Intersection of AI and Web3: Smarter Decentralized Applications

The Intersection of AI and Web3: Smarter Decentralized Applications

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In