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Prediction for Cardano (ADA) Price: More suffering is to come.




  • After Cardano’s price breached the crucial $0.4200 support, a significant decline began.Unless it settles above the $0.50 pivot level, ADA may continue to fall.
  • Below the $0.420 support against the US dollar, the ADA price is exhibiting numerous bearish signs.
  • The 100-day simple moving average and the price are both well below $0.400.
  • On the 4-hour chart of the ADA/USD pair, there are two bearish trend lines with support at $0.3700 and $0.3880 (data source: Kraken).
  • Below the $0.3500 support area, the pair may continue to decline.

Price of Cardano (ADA) indicates a bearish wave

From well above the $0.5000 level, the price of cardano has been steadily falling over the past few days. The price was able to fall below the crucial support levels of $0.450 and $0.420 by the bears.

Below the $0.400 level and the 100 simple moving average (4-hours), the decline picked up. Similar to bitcoin and ethereum, a low was established near the $0.3500 level, and the price began a slight upward trend. The price of ADA increased above $0.3620 and $0.3700.

From the $0.4265 swing high to the $0.3500 low, there was a move above the 23.6% Fib retracement level. However, the price fell below $0.3800 and did not rise further.

On the upside, the $0.3700 region serves as immediate resistance. On the 4-hour chart of the ADA/USD pair, there are also two bearish trend lines that are forming with resistance at $0.3700 and $0.3880. Near the $0.3880 region, the first major resistance is forming.

Source: ADAUSD on

The 50% Fib retracement level of the decline from the swing high of $0.4265 to the low of $0.3500 is also close to $0.3880. The 100 simple moving average and the $0.4080 level are currently serving as the primary forms of resistance. The price could begin a significant rise if it breaks above the $0.408 and $0.420 resistance levels on the upside. The price could steadily rise toward $0.50 in the above scenario.

More Anxiety?

Cardano’s price could continue to fall if it does not rise above the $0.3880 and $0.400 resistance levels. On the downside, close to the $0.360 level is an immediate support.


The primary support is close to $0.350. A new decline toward $0.320 could result from a downside break below the $0.350 level. The $0.300 level is near the next major support.

Technical Indicators

4-hours MACD – The MACD for ADA/USD is slowly losing momentum in the bullish zone.

4-hours RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level.

Major Support Levels – $0.360, $0.350 and $0.300.


Major Resistance Levels – $0.3700, $0.388 and $0.408.

Dani Romero has a legal background and has been involved in research works for the legal and compliance industry. Writing is his passion, centered on topics such as the blockchain and finance. His largest crypto holdings are Solana, Ethereum, and BNB Token.


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