Cardano Price Prediction: ADA Crashes Over 16% in One of Its Worst Drops This Year
Cardano is taking a massive hit as the crypto market bleeds. With prices crashing over 16% in the last 24 hours, ADA has reached a major support zone. Can it bounce back, or is more pain coming?
Cardano News: What’s Happening with Cardano Price?
Cardano (ADA) just went through one of its sharpest drops this year, crashing 16.36% in the past 24 hours alone. This massive move comes as part of a broader crypto market selloff, with multiple altcoins losing double digits in a matter of hours. ADA, in particular, was hit hard, sliding down to its current price of $0.53.
Here are the latest Cardano stats:
- Current Price: $0.53
- 24h Change: -16.36%
- 7d Change: -17.5%
- Market Cap: $18.8 Billion
ADA/USD 1-day chart - TradingView
Cardano is now trading right on top of a major support zone between $0.50 and $0.52, a level that has previously acted as a strong floor for ADA prices.
--> You can easily trade cryptos and earn even in bear markets. Some exchanges like Bitget give traders the ability to open short positions and make money from falling prices. Get started with Bitget using this link, and get 100% transaction fee rebates in BGB on your first transaction.
Why Did Cardano Crash So Hard?
This isn’t just an ADA issue – the entire crypto market is in a downtrend. The main reasons behind this sharp drop include:
- Heavy sell-offs across Asia overnight
- Massive outflows from exchanges
- A spike in risk-off sentiment due to global market uncertainty
- Weak momentum across major tokens like Ethereum and XRP
Total Crypto Market Cap in USD - TradingView
Cardano, being a top altcoin, is naturally caught in the storm. But the intensity of its crash—over 16% in just 24 hours—puts it among the worst-performing major coins right now.
Cardano Price Prediction – What’s Next for ADA?
Now the big question: Is ADA done crashing, or will it go lower?
🟢 Short-term bounce possible: If the broader market takes a breather, we could see ADA rebound to around $0.58, which was a recent resistance level before the crash.
🔴 If the market continues to drop: ADA could breach the $0.50 support, sending prices down toward $0.48 and possibly $0.45, which are the next strong support levels.
So far, no bullish reversal has formed yet – and unless we see some relief in Bitcoin and Ethereum, the pressure on ADA is likely to continue.
Rudy Fares
Equity Trader, Financial Consultant, Musician and Blockchain Aficionado. I spend my time doing Technical and Fundamental Analyses for Stocks, Currencies, Commodities and Cryptocurrencies.
Cardano News: What’s Happening with Cardano Price?
Cardano (ADA) just went through one of its sharpest drops this year, crashing 16.36% in the past 24 hours alone. This massive move comes as part of a broader crypto market selloff, with multiple altcoins losing double digits in a matter of hours. ADA, in particular, was hit hard, sliding down to its current price of $0.53.
Here are the latest Cardano stats:
- Current Price: $0.53
- 24h Change: -16.36%
- 7d Change: -17.5%
- Market Cap: $18.8 Billion
ADA/USD 1-day chart - TradingView
Cardano is now trading right on top of a major support zone between $0.50 and $0.52, a level that has previously acted as a strong floor for ADA prices.
--> You can easily trade cryptos and earn even in bear markets. Some exchanges like Bitget give traders the ability to open short positions and make money from falling prices. Get started with Bitget using this link, and get 100% transaction fee rebates in BGB on your first transaction.
Why Did Cardano Crash So Hard?
This isn’t just an ADA issue – the entire crypto market is in a downtrend. The main reasons behind this sharp drop include:
- Heavy sell-offs across Asia overnight
- Massive outflows from exchanges
- A spike in risk-off sentiment due to global market uncertainty
- Weak momentum across major tokens like Ethereum and XRP
Total Crypto Market Cap in USD - TradingView
Cardano, being a top altcoin, is naturally caught in the storm. But the intensity of its crash—over 16% in just 24 hours—puts it among the worst-performing major coins right now.
Cardano Price Prediction – What’s Next for ADA?
Now the big question: Is ADA done crashing, or will it go lower?
🟢 Short-term bounce possible: If the broader market takes a breather, we could see ADA rebound to around $0.58, which was a recent resistance level before the crash.
🔴 If the market continues to drop: ADA could breach the $0.50 support, sending prices down toward $0.48 and possibly $0.45, which are the next strong support levels.
So far, no bullish reversal has formed yet – and unless we see some relief in Bitcoin and Ethereum, the pressure on ADA is likely to continue.
Rudy Fares
Equity Trader, Financial Consultant, Musician and Blockchain Aficionado. I spend my time doing Technical and Fundamental Analyses for Stocks, Currencies, Commodities and Cryptocurrencies.
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