ADA Price Drops 18%
In a
Week But Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano Remains
in the
Top 10 Ranking
Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano (ADA) price continues to show volatility , maintaining its position
among the top 10 largest cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта by market cap despite being down
over 18% in the last seven days. The recent downtrend has been marked by
bearish technical indicators, including a death cross on its EMA lines and a
weak position on the Ichimoku Cloud.
However, some signs suggest that bearish momentum might be slowing, with
ADA s ADX showing a slight decline after peaking earlier in the week.
Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano Downtrend Is Still Strong But Could Be Losing Its Steam
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The ADA Average Directional Index (ADX) is currently at 27.5, having risen
from below 20 on December 19 but slightly declining from over 30 in recent
days. This fluctuation in ADX reflects shifts in the strength of Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano
ongoing downtrend.
While an ADX above 25 typically indicates a strong trend, the slight drop
suggests that the downtrend may be losing some momentum, although it still
remains significant. ADA ADX. Source: TradingView
ADX measures the strength of a trend, regardless of its direction, on a scale
from 0 to 100. Values above 25 signal a strong trend, while those below 20
suggest a weak or absent trend. With Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano ADX at 27.5 and trending slightly
downward, it indicates that while the current bearish momentum is still
present, its intensity could be diminishing.
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In the short term, this might lead to reduced selling pressure, allowing ADA
price to consolidate or even attempt a minor recovery. That will depend on
whether buying activity increases to counterbalance the bearish trend.
Ichimoku Cloud Shows a Negative Sentiment
The Ichimoku Cloud chart for ADA indicates a bearish trend. The price is
positioned below the cloud (red and green shaded areas), signaling continued
downward momentum.
The blue conversion line (Tenkan-sen) remains below the red baseline
(Kijun-sen), confirming that bearish sentiment dominates the market. However,
the narrowing gap between these lines hints at a potential slowdown in bearish
momentum if the price stabilizes further. ADA Ichimoku Cloud. Source:
TradingView
The lagging span (green line) is situated below both the price and the cloud,
emphasizing the persistence of the bearish trend. Furthermore, the future
cloud (red) suggests ongoing bearish pressure. That happens because the
leading span A (green edge) stays below the leading span B (red edge).
These conditions suggest that ADA s setting is leaning bearish, with
limited signs of immediate trend reversal unless further consolidation occurs.
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ADA Price Prediction: Will Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano Go Back To $1?
The ADA EMA lines formed a death cross on December 20, with the short-term EMA
crossing below the long-term EMA, a classic bearish signal indicating
sustained downward momentum. If this downtrend continues, Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano price could
face further downside, potentially testing support levels at $0.78.
Should bearish pressure persist and $0.78 fail to hold, ADA price could
decline further to $0.65 or even $0.519. This would mark a possible 42%
correction from current levels. ADA Price Analysis. Source: TradingView
However, if the trend reverses and bullish momentum builds, ADA price could
reclaim higher levels, starting with resistance at $0.99 and $1.039.
Breaking these levels would signal stronger buying interest and could pave the
way for a rally toward $1.18. That would represent a potential 31% upside from
current levels.
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