Cardano’s (ADA) price has dropped 30% in a month and roughly 18% in the past two weeks. Its market cap has now fallen to $27 billion, reflecting the broader weakness in altcoins.
Technical indicators, including a rising ADX and a bearish Ichimoku Cloud setup, suggest that ADA’s current downtrend is strengthening. With key support at $0.519 and a potential downside of $0.32, ADA needs a strong reversal to reclaim $0.78 and push toward the $1 mark.
Cardano ADX Shows the Current Downtrend Is Very Strong
Cardano ADX has surged to 44, up from just 11.2 three days ago, signaling a sharp increase in trend strength. Since ADX measures the strength of a trend without indicating direction, this jump confirms that ADA’s current price movement is gaining momentum.
Given that ADA is in a downtrend, this rising ADX suggests that bearish pressure is intensifying rather than weakening.
ADA ADX. Source: TradingView.
ADX values above 25 indicate a strong trend, while readings above 40 suggest an even more dominant market move.
With ADA’s ADX now at 44, the ongoing downtrend appears well-established, making a reversal less likely unless a significant shift in buying activity occurs. If selling pressure continues, ADA could face further downside, with lower support levels coming into focus.
ADA Ichimoku Cloud Shows a Bearish Scenario
Cardano Ichimoku Cloud setup confirms a strong bearish trend. The price is trading well below the cloud, which is a clear sign of downside momentum. The future cloud is also turning bearish, suggesting that selling pressure is likely to continue.
Additionally, the Tenkan-sen (blue line) remains below the Kijun-sen (red line), reinforcing the short-term bearish outlook.
ADA Ichimoku Cloud. Source: TradingView.
For ADA to reverse this trend, it would need to break back above the cloud and establish it as support. However, with the Chikou Span (green line) trailing far below the price action and the cloud widening, the bearish momentum remains strong.
Unless buying volume increases significantly, ADA price could struggle to regain key resistance levels and may continue facing downside risk.
ADA Price Prediction: Can Cardano Reclaim $1 This Week?
Cardano price is currently facing resistance at $0.78 and support at $0.519. If the ongoing downtrend persists and ADA loses this support, the next major level to watch is $0.32, which would mark its lowest price since late November 2024.
Given the strong bearish momentum, breaking below $0.519 could accelerate the decline.
ADA Price Analysis. Source: TradingView.
However, if the broader altcoin market starts recovering, Cardano could attempt to reclaim $0.78.
A successful breakout above this level could push it toward $0.87, and if the momentum continues, ADA could reach $1, representing a potential 40.8% gain. For this scenario to play out, buying pressure would need to increase significantly.
