|

Does Cardano (ADA) look stronger than the other altcoins?

Bears have seized the initiative on the market as buyers have failed to keep the growth after yesterday's rally.

Chart

Top coins by CoinMarketCap

ADA/USD

Cardano (ADA) is more of a loser than Bitcoin (BTC) as its rate has declined by almost 4% over the last 24 hours.

ADAUSD

ADA/USD chart by Trading View

The short-term decline is about to finish soon as the altcoin is coming closer to the local support at $1.7235 where buyers can show their power. The following scenario is relevant until the end of today.

ADA

ADA/USD chart by Trading View

On the 4H chart, the decline may be even deeper, to the level of $1.70. However, there is little chance that sellers can break it as the trading volume is going down. In this case, the bounceback to the zone of the most liquidity around $1.80 is the more likely scenario for the upcoming days.

ADAUSD

ADA/USD chart by Trading View

Until Cardano (ADA) remains trading above $1.70, the scenario is bullish. At the moment, buyers need to get more energy after sharp growth.

In this case, consolidation in the narrow range between $1.70 and $1.80 can occur by the end of the current week.

Cardano is trading at $1.7424 at press time.


Read full original article on U.Today

Author

Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis.

More from Denys Serhiichuk
Share:

Editor's Picks

Bitcoin slips below $90,000 as Trump's tariffs swing, ETF outflows pressure price

Bitcoin price struggles below $90,000 on Friday, correcting nearly 5% so far this week. Trump’s Davos speech on Wednesday, backing away from imposing further tariffs on the EU, triggered market volatility and risk-on mood.

Ripple holds losses above $1.90 amid mild ETF inflows, muted retail interest

Ripple is trading under pressure, hovering above the immediate support level at $1.90 at the time of writing on Friday. Despite mild inflows into spot ETFs, XRP has declined for a second consecutive day, reflecting weak retail demand and persistent selling pressure.

Pump.fun sees bearish reversal despite buyback

Pump.fun trades below $0.0025 at the time of writing on Friday, after a nearly 7% decline from the 50-day Exponential Moving Average at $0.002601. The recent purchase of over $1 million in PUMP tokens failed to revive retail support, as PUMP futures continue to see capital outflow.

Crypto Today: Bitcoin, Ethereum, XRP face elevated downside risk amid weak technical setups

Bitcoin is struggling to stay above support at $89,000 at the time of writing, as headwinds intensify across the cryptocurrency market on Friday. Ethereum and Ripple are facing low retail and institutional demand, while bearish indicators continue to flash subtle signals that losses may extend further.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: BTC slips below $90,000 as Trump's tariffs swing, ETF outflows pressure price

Bitcoin (BTC) is trading below $90,000 at the time of writing on Friday, down nearly 5% this week. Despite a brief improvement in risk appetite following US President Donald Trump’s mid-week speech at Davos, the Crypto King remains under pressure as institutional demand continued to weaken so far this week.