Cardano price struggles below $0.76 as bearish pressure intensifies
Cardano remains under pressure, trading near multi-week lows
Cardano (ADA/USD) has extended its decline, trading near $0.76 after dropping over 25% from mid-January highs. The cryptocurrency remains under heavy selling pressure, with technical indicators pointing to further downside risks. Previously, ADA tested key resistance at $0.98 - $1.00, but the failure to hold above $0.94 accelerated the selloff.
Cardano remains in a strong downtrend, with any short-term relief likely facing selling pressure at $0.80 - $0.85. A decisive move above $0.90 is needed to challenge the bearish outlook, while failure to hold $0.75 could open the door to lower lows near $0.70.
Cardano price dynamics (Jan 2025 - Feb 2025) Source: TradingView.
Bearish momentum dominates as ADA trades below key EMAs
ADA is struggling below critical moving averages, reinforcing its bearish structure. The 20-day EMA at $0.837 has acted as dynamic resistance, preventing any sustainable recovery. The 50-day EMA ($0.899) and 100-day EMA ($0.959) add further pressure, while the 200-day EMA at $0.970 marks the last major resistance before a broader reversal can be considered.
Bollinger Bands indicate high volatility, with ADA hovering near the lower band. This suggests oversold conditions, but the middle band at $0.80 will act as immediate resistance if a recovery attempt occurs.
Support levels under pressure as sellers remain in control
Key support at $0.75 is holding for now, but a break below this level could push ADA toward $0.70 - $0.65. On the upside, $0.85 - $0.90 remains the first major resistance zone, with stronger barriers at $0.935 and $0.98. A breakout above $1.00 is necessary to shift the broader trend to bullish.
The Relative Strength Index (RSI) at 36.90 signals oversold conditions, but a recovery is uncertain unless RSI crosses 50. Meanwhile, the MACD remains in bearish territory, though the flattening histogram suggests that selling pressure is easing.
Previously discussed levels of $0.94 - $0.98 as resistance have remained valid, confirming that ADA struggles to reclaim its recent highs. The ongoing bearish momentum aligns with past analyses, reinforcing that key price zones remain unchanged.
