- ADA faces bearish pressure, with critical support at $0.85 and resistance at $1.00.
- Weak RSI and shrinking MACD histogram signal bearish sentiment and slowing momentum.
- Cardano’s 2025 outlook projects price stability between $0.5471 and $0.6393 on average.
Cardano (ADA) faces bearish momentum as the cryptocurrency market witnesses heightened volatility. Currently trading at $0.921056 with a 24-hour trading volume of $1,741,408,356, ADA has seen a 7.31% decline over the last 24 hours. This drop follows a downward trend since its recent high near $1.20.
With the price sitting just above a critical support zone, the coming days could shape ADA’s trajectory for early 2025. An analysis of technical indicators, trading volumes, and price action suggests potential consolidation or further declines if support levels are breached.
Bearish Sentiment Dominates ADA’s Short-Term Trend
The recent downtrend in Cardano has pushed its price below critical psychological and technical levels. A 3.95% drop for the day highlights weak market confidence.
The Relative Strength Index (RSI) is at 44.57, reflecting subdued momentum. As the RSI remains below the neutral 50 mark, bearish sentiment persists. However, the indicator shows no signs of overbought or oversold conditions, suggesting a neutral state that could shift either way.
The Moving Average Convergence Divergence (MACD) adds to the mixed signals. A recent bullish crossover, with the MACD line above the signal line, initially suggested recovery potential. However, the shrinking histogram bars point to weakening momentum, increasing the likelihood of a reversal.
Key Support and Resistance Levels for Cardano
ADA’s immediate support lies at $0.85, a significant level formed during previous consolidations. If this zone holds, the price might consolidate near $0.90. However, a decisive break below $0.85 could lead to further declines, with $0.70 serving as the next critical support level. This lower boundary has historical significance and could act as a safety net during prolonged sell-offs.
On the upside, reclaiming $1.00 remains a key target for the bulls. This level serves as both a psychological barrier and a technical resistance point. If breached, the next challenge lies at $1.20, the recent local high. Overcoming this resistance would signal a stronger recovery and renewed investor confidence.
Cardano’s 2025 Outlook
Looking ahead, the broader market trend and macroeconomic factors could heavily influence ADA’s performance. Changelly blog analysts predict the minimum price of Cardano in 2025 could drop to $0.5471 if bearish trends dominate. However, an average trading price of $0.5623 and a potential peak at $0.6393 suggest opportunities for long-term growth.