Cardano price prediction: Can support hold after major liquidations? ADA remains under pressure

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Cardano slides 1.06% to $0.356 today

Highlights

A recent large-scale liquidation event, triggered by a sudden price drop, resulted in substantial long liquidations and the reported sale of approximately 90 million ADA by major holders over several days.
Cardano is expanding its ecosystem with the Midnight privacy project to enhance data confidentiality for dApps, and is advancing cross-chain integration through a technical bridge to Solana.
Additional updates include ongoing network governance initiatives, scalability improvements, and Charles Hoskinson addressing rumors surrounding significant ADA sales and Midnight (NIGHT) token speculation.

Long liquidations spike as major holders accelerate ADA sales

A recent large-scale liquidation event, triggered by a sudden price drop, led to substantial long liquidations and coincided with reports of major holders selling approximately 90 million ADA over several days. Cardano continues to expand its ecosystem with the Midnight privacy project, enhances data confidentiality for dApps, and furthers cross-chain integration through a technical bridge to Solana. Additional updates include network governance initiatives and ongoing scalability improvements, while founder Charles Hoskinson has addressed rumors regarding significant ADA sales and speculation linked to the Midnight (NIGHT) token.

Negative momentum persists despite short-term recovery signals

Momentum signals remain negative, with both MACD and ADX on the daily chart supporting a bearish outlook. RSI (32.88) and CCI (–110.88) indicate that ADA approaches oversold territory, and Stochastic RSI (21.32) signals further weakness, though its weekly frame is already "oversold." The BBP value (–0.013) confirms sellers’ dominance intraday. There was no significant gap between yesterday's close ($0.36) and today’s open ($0.343), and the current price sits near the upper end of today's range ($0.342–$0.358), with moderate volatility observed. A mild intraday recovery after the open contrasts with the overall negative momentum, creating a divergence between some short-term oscillators and overall trend strength.

Downside risk mounts as upside breakout probability remains low

For the coming five trading days, the adjusted expected price range is $0.330 to $0.370, representing a typical volatility band relative to current levels. The probability of upward movement is very low (less than 20%), making a further decline the more likely scenario. The baseline scenario sees consolidation between $0.330 and $0.370. A bullish scenario would be triggered by a move above $0.370 towards the Ichimoku resistance at $0.412, while a bearish scenario unfolds if ADA slips below $0.330, increasing downside risk.

Anton Kharitonov, analyst at Traders Union, sees Cardano locked in a firm downtrend with ongoing bearish signals on the daily chart. He notes that technical momentum remains negative, while fundamental news has not improved sentiment after large-scale liquidations and major holders selling. With resistance at $0.370 and support at $0.330, he remains skeptical about any immediate upside. "Unless ADA breaks above $0.370, any bounce is just noise — I remain defensive."

Previously it was reported that Cardano (ADA) remains under persistent bearish pressure, trading well below its major moving averages, with key indicators such as MACD, ADX, and RSI confirming downside momentum and a trend toward oversold conditions. Support is limited immediately below, resistance is set near $0.416, and the asset is expected to consolidate sideways near recent lows unless significant buying emerges to challenge prevailing bearish sentiment.

Source of Data: ADA Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.