- Cardano price continues to lag, trading sideways and living below $0.26 for almost two weeks as altcoins move north.
- Although momentum is rising, ADA downside potential remains high with a 5% slump in sight toward the floor price of $0.2397.
- A break and close above $0.26 would invalidate the bearish outlook.
Cardano (ADA) price is among the worst performers in the altcoin community, stuck within a range for around two weeks that has ADA stunted and moving horizontally. The price action is unorthodox considering the network’s total value locked (TVL) reflects a positive surge from decentralized applications. As reported, ADA topped the charts among blockchains on metrics of development activities.
Also Read: Cardano price tests main support for the fifth time as ADA fizzles out towards its bottom
Cardano price stalls with $0.26 intact
Cardano (ADA) price continues in its horizontal slide into the weekend, trading with a bearish bias with the prospect of further losses to come. For a change of phase, however, a supply barrier extending from $0.2590 to $0.2692 needs to be broken.
Meanwhile, the Relative Strength Index (RSI) remains below the 50 level, alongside a lagging Awesome Oscillator (AO) that remains in the negative territory. With this, the odds favor the downside.
Increased selling pressure could see Cardano price drop 5% to retest the floor price at $0.2397. In the dire case, the slump could extend for ADA to sweep buy-side liquidity below the aforementioned level.
ADA/USDT 3-day chart
On the flipside, if sidelined investors come in, Cardano price could pull north, breaching the $0.2600 barricade to confront the supply barrier mentioned above. A decisive flip of this order block into a support floor, rendering it a bullish breaker, would invalidate the bearish thesis.
It is worth mentioning that the RSI has deviated to the north, suggesting rising momentum. Bulls must increase their buying power, with the RSI flipping above 50 likely to give them a fighting chance.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Top 3 gainers Supra, Cosmos Hub, EOS: Supra leads recovery after Trump’s tariffs announcement
Supra’s 25% surge on Friday calls attention to lesser-known cryptocurrencies as Bitcoin, Ethereum and XRP struggle. Cosmos Hub remains range-bound while bulls focus on a potential inverse head-and-shoulders pattern breakout.
Bitcoin Weekly Forecast: Tariff ‘Liberation Day’ sparks liquidation in crypto market
Bitcoin price remains under selling pressure around $82,000 on Friday after failing to close above key resistance earlier this week. Donald Trump’s tariff announcement on Wednesday swept $200 billion from total crypto market capitalization and triggered a wave of liquidations.
Can Maker break $1,450 hurdle as whales launch buying spree?
Maker is back above $1,300 on Friday after extending its lower leg to $1,231 the previous day. MKR’s rebound has erased the drawdown that followed United States President Donald Trump’s ‘Liberaton Day’ tariffs on Wednesday, which targeted 100 countries.
Gold shines in Q1 while Bitcoin stumbles
Gold gains nearly 20%, reaching a peak of $3,167, while Bitcoin nosedives nearly 12%, reaching a low of $76,606, in Q1 2025. In Q1, the World Gold ETF's net inflows totalled 155 tonnes, while the Bitcoin spot ETF showed a net inflow of near $1 billion.
Bitcoin Weekly Forecast: Tariff ‘Liberation Day’ sparks liquidation in crypto market
Bitcoin (BTC) price remains under selling pressure and trades near $84,000 when writing on Friday after a rejection from a key resistance level earlier this week.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.