Cardano’s $0.70 Struggle: A Bearish Plot Twist You Didn’t See Coming

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Cardano (ADA) has been limping under the $0.70 barrier since March 29, desperate to reclaim some bullish momentum. Despite brief moments of strength, the price is now signaling the dreaded onset of weakness.

Even the trusted BBTrend and ADX indicators are waving the white flag, hinting at a fading buying frenzy, while the EMA alignment is just here to remind us that we’re still in bearish territory. With the price trapped between key support and resistance levels, Cardano’s next move is about as clear as a foggy morning.

BBTrend Turns Gloomy: Cardano’s Momentum Takes a Sudden Dive

Well, it’s official: Cardano’s BBTrend has taken a nosedive, now sitting at a dismal -0.78 after it briefly flirted with positivity just days ago. On April 14, it was flirting with bullish hopes, reaching a high of 9.76, showing that Cardano could’ve been the life of the party for a moment.

BBTrend, for those of us who don’t live and breathe technical jargon, is a fancy way of measuring how far Cardano’s price is dancing in and out of its Bollinger Bands. Positive? Great, we’re partying. Negative? Well, it’s time to pack up and go home.

The sudden plunge to -0.78 suggests that the once-promising uptrend is now falling apart, possibly making room for a downward shift. The lower band is getting a little too cozy with the price, often a sign that the bears are sharpening their claws.

Is it a confirmed downtrend? Not yet. But if the momentum doesn’t pick up again, we might just be in for an agonizing wait for consolidation… or worse, a bear phase.

Traders, keep your eyes peeled. Will it bounce back, or will it roll into the abyss?

Cardano’s ADX Goes for a Freefall as the Bears Start to Roar

Cardano’s ADX chart is experiencing a dramatic midlife crisis. In a stunning display of loss, it’s dropped from 28.34 to a meager 15.12 in the span of just two days.

If you’re not familiar with the ADX, it’s the tool that tells you how strong a trend is. Above 25? It’s a solid trend. Below 20? Congratulations, you’ve just entered the land of weak, indecisive markets.

And right now? The trend is flailing like a fish out of water. The momentum that once gave Cardano’s price a fighting chance is slipping faster than your willpower to avoid junk food.

Meanwhile, the bullish +DI is slowly giving up the ghost, falling from 22.61 to 17.39, while the bearish -DI is getting stronger, moving from 10.5 to 14.95. A shift toward the bears is practically brewing in the air like bad coffee.

Unless Cardano suddenly finds a miraculous burst of energy, we might be looking at some seriously sideways action—or, heaven forbid, a short-term dip.

The Bearish Monster Lurks Behind Cardano’s EMA Lines

Cardano’s EMA lines remain firmly planted in the “bearish” camp, with short-term averages below the long-term ones, practically screaming that the downward trend is not ready to pack its bags and leave.

Currently, ADA is clinging to a support zone near $0.594. But if that gives way, we could see a nosedive toward $0.511, dragging us deeper into the murky depths of selling pressure.

But hey, don’t lose hope entirely. If ADA pulls a rabbit out of its hat and finds its footing, the first big hurdle is $0.64. Break that, and the road might open for some (small) gains, with next targets sitting at $0.66 and $0.70.

And if you’re dreaming big, maybe ADA can hit $0.77 and throw a true recovery party. But I wouldn’t count on it just yet.

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2025-04-18 00:35