Cardano (ADA) Price Prediction: Downtrend Far From Over, $0.22 Still In Play

Cardano (ADA) Price Prediction: Downtrend Far From Over, $0.22 Still In Play

Cardano’s price started a fresh decline after it failed to surpass $0.32. ADA remains at a risk of more losses below $0.25 and $0.245 in the near term.


  • ADA price is gaining bearish momentum below the $0.280 support against the US dollar.

  • The price is trading below $0.280 and the 100 simple moving average (4-hours).

  • There is a key bearish trend line forming with resistance near $0.2560 on the 4-hours chart of the ADA/USD pair (data source from Kraken).

  • The pair could continue to move down below the $0.245 support zone.

  • Cardano (ADA) Price Could Dive Further


    In the past few days, cardano’s price saw a steady decline from the $0.320 resistance zone. The bears were able to push the price below the $0.30 and $0.280 support levels.


    The decline gained pace below the $0.265 level and the 100 simple moving average (4-hours). ADA price even spiked below the $0.250 support zone and traded as low as $0.2481. It is now showing a lot of bearish signs near the $0.250 zone, unlike
    Support the originator by clicking the read the rest link below.