Cardano’s price (ADA) has dropped 30% in one month and around 18% in the past two weeks. Its market capitalization has now fell to $ 27 billion, reflecting the wider weakness of altcoins.
The technical indicators, including an increasing ADX and a downstream cloud configuration of Ichimoku, suggest that the current decreased trend of ADA is strengthening. With a key support at $ 0.519 and a potential drawback of $ 0.32, ADA needs a strong reversal to recover $ 0.78 and push towards the $ 1 bar.
Cardano Adx shows that the current downward trend is very strong
Cardano Adx jumped at 44, against only 11.2 three days ago, reporting a sharp increase in the strength of trends. Since ADX measures the strength of a trend without indicating the direction, this jump confirms that the current ADA price movement is growing.
Since ADA is in a downward trend, this ADX increasing suggests that the down pressure is intensifying rather than weakening.
The ADX values greater than 25 indicate a strong trend, while readings greater than 40 suggest an even more dominant market decision.
With the ADX of ADA now at 44 years old, the current trend in progress seems well established, which makes a reversal less likely unless a significant change in purchase activity occurs. If the sales pressure continues, ADA could face a drop more, with levels of support lower than the orientation.
The Ada Ichimoku cloud shows a downward scenario
The configuration of the Cardano Ichimoku cloud confirms a strong downward trend. The price is negotiated well below the cloud, which is a clear sign of momentum. The future cloud also becomes lower, suggesting that the sales pressure is likely to continue.
In addition, Tenkan-Sen (blue line) remains below the Kijun-Sen (red line), strengthening the short-term lowering perspectives.
In order to reverse this trend, it should break above the cloud and establish it as a support. However, with the Span Chikou (green line) dragged well below the action of the prices and the widening of the clouds, the bearish momentum remains strong.
Unless the purchase of volume is increasing considerably, Ada Price could find it difficult to regain key resistance levels and can continue to cope with a lower risk.
Can ADA price prediction: Can Cardano recover $ 1 this week?
Cardano Price is currently facing resistance at $ 0.78 and $ 0.519 support. If the downward trend persists and Ada loses this support, the next major level to watch is $ 0.32, which will mark its lowest price since the end of November 2024.
Given the strong downward momentum, the break below 0.519 could speed up the decline.
However, if the wider Altcoin market begins to recover, Cardano could try to recover $ 0.78.
A successful breakthrough above this level could push it to $ 0.87, and if the momentum continues, ADA could reach $ 1, which represents a potential gain of 40.8%. For this scenario to take place, the purchase of the pressure should increase considerably.
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