Wednesday, July 30, 2025
Daily Crypto Post
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact
No Result
View All Result
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact
No Result
View All Result
Daily Crypto Post
No Result
View All Result

ADA Price Prediction for July 09: Will $0.572 Hold as Support?

Jonathan Carls by Jonathan Carls
July 8, 2025
in Market, News, Price Analysis
Reading Time: 4 mins read
ADA Price Prediction for July 09 Will $0.572 Hold as Support
Share on FacebookShare on TwitterShare on RedditShare on Telegram
  • ADA faces strong resistance at $0.583 as sellers reject early bullish breakout.
  • Technical indicators show weak momentum with bearish MACD and sub-50 RSI.
  • Long liquidations dominate, with $622K wiped as bullish traders misjudge support.

Cardano (ADA) has entered a challenging phase in its short-term market outlook. On July 8, ADA’s price slipped to $0.5757, reflecting a 1.55% decline in the last 24 hours. The digital asset experienced a brief early rally, reaching highs near $0.587, before sellers took control and pushed the price down. 

This downward movement now places ADA at a critical juncture. The inability to stay above key resistance zones suggests mounting bearish sentiment in the market, with traders becoming increasingly cautious amid strong selling pressure.

Related articles

Chinese Tech Exec Jailed for Laundering $20M in Crypto via Offshore Mixers and Fake Invoices

Chinese Tech Exec Jailed for Laundering $20M in Crypto via Offshore Mixers and Fake Invoices

July 30, 2025
Bitcoin Cools After Overheating Spike—ETH Nears $4K as Institutional Flows and Burn Rates Tighten Supply

Bitcoin Cools After Overheating Spike ETH Nears $4K as Institutional Flows and Burn Rates Tighten Supply

July 30, 2025

Strong Selling Pressure Dominates

Throughout the day, ADA struggled to maintain its momentum. Early gains quickly faded as the price fell below the opening level of $0.5839. The resistance zone around $0.583–$0.584, once a support area, has now turned into a ceiling that ADA cannot break. The latest peak at $0.587 further confirms this shift, as buyers failed to hold that level.

Source: CoinMarketCap

Consequently, support is forming near the $0.575 range, where some consolidation has occurred. ADA found temporary footing at $0.572, marking the intraday low. However, given the broader downtrend, these support levels remain fragile. Unless there is a reversal, the price could revisit or even break below this floor.

Market Indicators Signal Weak Momentum

ADA/USD daily price chart, Source: TradingView

Technical indicators highlight a weakening trend. The MACD remains in bearish territory, with the MACD line sitting below both the signal line and zero. This setup indicates poor momentum and continued downward bias. There is also no strong divergence at present, meaning a reversal may not be imminent.

In addition, the RSI stands at 44.59, slightly below the neutral 50 mark. While it is not yet oversold, it does reflect bearish leanings. Should the RSI fall below 30, it could suggest a potential bounce. For now, though, sellers remain in control.

Liquidation Data Shows Longs Getting Hit

Source: Coinanalyze

Perpetual contract data shows that $664,000 in ADA positions were liquidated in the past 24 hours. Significantly, over $622,000 of these were long positions, indicating a failed attempt to catch a bottom. 

Short liquidations were minimal, at just $41,500. Exchanges like Bybit and Binance reported the largest liquidation volumes, underscoring the heavy pressure on bullish traders.

Disclaimer : The content shared by The Daily Crypto Post is intended for informational and educational purposes only and does not constitute financial or investment advice. Readers are encouraged to do their own research or consult with a licensed professional before making any financial decisions. The Daily Crypto Post will not be accountable for any financial losses.

Tags: Cardano (ADA) NewsPrice AnalysisPrice prediction

Related Posts

Chinese Tech Exec Jailed for Laundering $20M in Crypto via Offshore Mixers and Fake Invoices

Chinese Tech Exec Jailed for Laundering $20M in Crypto via Offshore Mixers and Fake Invoices

by Munene Timothy
July 30, 2025

Ex-tech exec laundered ¥140M using fake invoices, offshore crypto exchanges, and coin mixing to obscure transaction trails. Despite using coin...

Bitcoin Cools After Overheating Spike—ETH Nears $4K as Institutional Flows and Burn Rates Tighten Supply

Bitcoin Cools After Overheating Spike ETH Nears $4K as Institutional Flows and Burn Rates Tighten Supply

by Veronicah Peninah
July 30, 2025

Bitcoin’s short-term realized cap has begun to decline after a moderate spike, echoing past pre-correction patterns from 2024 and 2025....

Indonesia to Enforce Higher Crypto Transaction Taxes Starting August 1

Indonesia to Enforce Higher Crypto Transaction Taxes Starting August 1

by Irene Mukiri
July 30, 2025

Indonesia hikes crypto seller taxes, favors domestic platforms over foreign ones. VAT removed for buyers, offering slight relief amid rising...

Traders-Lean-Toward-a-4-6-Billion-FDV-for-Pump.funs-Post-Launch-Market-Cap-750x375

PUMP Token Slides Deeper as Confidence Crumbles Amid Poor Communication and Bearish Sentiment

by Jonathan Carls
July 30, 2025

PUMP struggles below $0.0025 as bearish trend persists and volume signals distribution RSI at 42.17 and fading MACD hint at...

ADA Price Prediction for July 31 Support Weakens as Momentum Declines

ADA Price Prediction for July 31: Support Weakens as Momentum Declines

by Munene Timothy
July 30, 2025

ADA trades below its 50-day MA at $0.821, showing short term weakness despite holding above the 200-day MA at $0.708....

Load More

Recent News

  • Chinese Tech Exec Jailed for Laundering $20M in Crypto via Offshore Mixers and Fake Invoices
  • Bitcoin Cools After Overheating Spike ETH Nears $4K as Institutional Flows and Burn Rates Tighten Supply
  • Indonesia to Enforce Higher Crypto Transaction Taxes Starting August 1
  • PUMP Token Slides Deeper as Confidence Crumbles Amid Poor Communication and Bearish Sentiment
  • ADA Price Prediction for July 31: Support Weakens as Momentum Declines

Popular News

  • KEKIUS Price Prediction for June 2025 Signs of Weak Momentum and Accumulation Battle

    KEKIUS Price Prediction for June 2025: Signs of Weak Momentum and Accumulation Battle

    199 shares
    Share 80 Tweet 50
  • Bitcoin and Ethereum Face Pressure as 2,500 BTC and 80,000 ETH Hit Exchanges Amid Political Fallout

    198 shares
    Share 79 Tweet 50
  • Market Analyst say XRP Could Finally Break Out of Its Current Consolidation in 2-4 weeks If It’s Following 2017

    197 shares
    Share 79 Tweet 49
  • SUI Price Breakout or Fakeout? What Chart Patterns Are Saying

    197 shares
    Share 79 Tweet 49
  • SEC Approves Nasdaq Crypto Index Update to Include SOL, ADA, XLM, and XRP

    198 shares
    Share 79 Tweet 50

Live Crypto News | Bitcoin and Altcoins News & Insights.

Recent News

Chinese Tech Exec Jailed for Laundering $20M in Crypto via Offshore Mixers and Fake Invoices
Chinese Tech Exec Jailed for Laundering $20M in Crypto via Offshore Mixers and Fake Invoices
July 30, 2025
Bitcoin Cools After Overheating Spike—ETH Nears $4K as Institutional Flows and Burn Rates Tighten Supply
Bitcoin Cools After Overheating Spike ETH Nears $4K as Institutional Flows and Burn Rates Tighten Supply
July 30, 2025
Indonesia to Enforce Higher Crypto Transaction Taxes Starting August 1
Indonesia to Enforce Higher Crypto Transaction Taxes Starting August 1
July 30, 2025

© Daily Crypto Post. Live Crypto News | Bitcoin and Altcoins News & Insights. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact