Cardano’s price has dropped 8% and ADA is testing key support levels. While many see a dip-buying opportunity, others fear more downside.
Cardano’s price has dropped 8%, caught in a market-wide sell-off that erased $120 billion. With global uncertainty rattling risk assets, ADA is testing key support levels. Liquidation data shows that major leveraged positions have been cleared, setting the stage for a potential reset. Key resistance now sits at $0.67, $0.68, and $0.705, and if ADA breaks through, a rebound could follow. If not, more volatility may be ahead.
Cardano is trading around $0.66, down 1.90% in the last 24 hours. Source: Brave New Coin
Cardano Struggles in Market Meltdown
The crypto market just took a heavy hit, with $120 billion wiped out from the total market cap in just 24 hours. While sell-offs aren’t new, this one comes amid rising global economic tensions, fueled by President Donald Trump’s announcement of new tariffs yesterday. With the U.S. reintroducing aggressive trade policies, risk assets like crypto are feeling the heat. Bitcoin dropped 4.4%, Ethereum lost 5.2%, and the broader market turned deep red, sparking fears of extended volatility ahead.
Cardano slumps 9.1% as the crypto market sheds $120 billion. Source: Jesse Peralta via X
Cardano wasn’t spared, sinking 9.1%, making it one of the hardest-hit assets, according to analyst Jesse Peralta. However, despite the sharp decline in the Cardano price, its fundamentals remain intact, keeping long-term investors on watch for a potential rebound.
Cardano Price Prediction: Key Support Levels to Watch
ADA Cardano price is in the middle of a downtrend, but analysts highlight two crucial support levels that could determine its next move. According to Bitcoin Wukong, $0.58 and $0.45 remain strong zones where buyers may step in. Despite the broader market uncertainty, these levels have historically provided stability, making them key areas for accumulation.
With key support at $0.58 and $0.45, ADA’s price could be primed for a rebound. Source: Bitcoin Wukong via X
While ADA faces short-term pressure, some investors see this as an opportunity rather than a warning sign. Traders are eyeing a potential bounce from these support zones. If ADA holds these levels, a recovery phase could follow, but if they break, lower targets may come into play. The coming weeks will be critical in shaping ADA’s next trend.
Cardano Liquidations Surge Amid Market Chaos
Cardano (ADA) has been caught in the storm as the crypto market faces intense selling pressure. In the latest liquidation heatmap shared by Deezy, a massive wipeout of leveraged positions on Binance has left ADA traders scrambling. This comes at a time when the market is already reeling from a $120 billion meltdown triggered by fresh economic uncertainty and rising global tensions. While the sell-off looks very exhausting, it has cleared out excess leveraged positions, potentially setting the stage for a more stable recovery.
Cardano liquidations surge as lower levels get targeted, clearing excess leverage. Source: Deezy via X
Now, with major liquidations at lower levels already absorbed, the focus shifts to the next key areas where liquidation pressure is building. Data from the heatmap highlights $0.67, $0.68, and $0.705 as the next major zones where leveraged traders could face another wave of forced exits. If ADA approaches these levels, volatility could spike again, with sharp moves likely as liquidity gets tested.
Cardano’s ETF Bet: A Turning Point or Just Hype?
Crypto analyst Cswap Intern believes that a spot Cardano ETF could be a game-changer, unlocking a wave of institutional investment and significantly impacting Cardano’s price trajectory. Bitcoin and Ethereum both experienced increased demand after their ETF approvals, and ADA could follow a similar path. An ETF would provide traditional investors with a regulated and accessible way to gain exposure to Cardano, potentially driving liquidity and price stability in the long run.
Cardano ETF speculation sparks debate as hopes for institutional inflows clash with doubt over long-term impact. Source: Cswap Intern via X
However, not everyone is convinced. While the ETF narrative has fueled excitement, some market participants remain cautious, arguing that approval alone may not be enough to trigger a sustained breakout. An ADA ETF would be a big step forward, but fundamentals still need to support long-term growth. Despite the skepticism, anticipation is building, and if the U.S. Securities and Exchange Commission (SEC) moves forward with approval, it could mark a pivotal moment for Cardano’s future in the crypto market.
Cardano Price Primed for $1 Mark?
Cardano (ADA) is setting up for a potential breakout as it forms an ABCDE triangle pattern, a classic technical setup often preceding major price swings. According to analyst RJT.WAGMI, ADA is currently in the C-wave of the formation, with waves D and E expected next. The key Fibonacci retracement zone between 0.5 and 0.618 is seen as a crucial support level, where a bounce could ignite strong upside momentum. As the market stabilizes after recent liquidations, traders are closely watching whether ADA can hold this range and set the stage for a significant move.
Cardano eyes key Fibonacci support as traders speculate on a breakout toward $1.5. Source: RJT.WAGMI via X
If Cardano finds support in this zone, analysts suggest a potential surge toward $1.5, which would mark a major recovery from its recent decline.
Final Thought
Cardano is at a make-or-break moment. The market is still shaky, but with liquidations easing and key support levels in play, ADA Cardano price has a shot at recovery. A breakout above resistance could revive optimism, but if sellers stay in control, more turbulence may be ahead.
Adding to the mix is the growing speculation around a potential Cardano ETF. While it could open doors to institutional investment, doubt remains over whether it will be enough to drive sustained growth. If momentum builds around an ETF approval, it could be a catalyst for ADA.