Cardano

Elite

Resistance

Fantom (Migrated to Sonic)

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<p>Crypto analyst Sssebi warns that <a href="https://captainaltcoin.com/is-it-too-late-to-buy-cardano-ada-price-prediction-for-2025/" target="_blank" rel="noopener noreferrer nofollow">Cardano (ADA) prices</a> might face further downward pressure unless the token breaks above the $1.00 mark with strong trading volume. In a tweet post, the analyst emphasized that a trend reversal would require substantial buying momentum to confirm a sustainable upward movement.</p>
<h2 class="wp-block-heading" id="strong-ada-s-technical-chart-shows-mixed-signals-strong"><strong>ADA’s Technical Chart Shows Mixed Signals</strong></h2>
<p>The price chart analysis reveals multiple symmetrical triangle breakouts throughout ADA’s recent price action. A notable triangle formation near the $1.00 level broke to the downside, suggesting increased selling pressure.&nbsp;</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ADA</a> needs to go above $1 to confirm the trend reversal with big volume that shows that the move is over.<br>Until then, more downside could be in store. <a href="https://t.co/CG4IlmFnHP" target="_blank" rel="noopener noreferrer nofollow">https://t.co/CG4IlmFnHP</a> <a href="https://t.co/xYZPyZFHTf" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/xYZPyZFHTf</a></p>— Sssebi <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f981.png" alt="🦁" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@Av_Sebastian) <a href="https://twitter.com/Av_Sebastian/status/1861463641326825557?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 26, 2024</a>
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<p>The token found support at $0.90, where traders continue to monitor price consolidation patterns. The long-term trend maintains a bullish stance with the 200-period Simple Moving Average (SMA) positioned at $0.56.&nbsp;</p>
<p>Besides, this level serves as a foundation for the broader market structure. Trading volume remains modest during <a href="https://www.fxleaders.com/news/2024/11/26/cardano-melts-under-1-amid-high-profit-taking/" target="_blank" rel="noopener noreferrer nofollow">current price movements</a>, indicating limited market participation.</p>
<h2 class="wp-block-heading" id="strong-support-and-resistance-levels-guide-price-action-strong"><strong>Support and Resistance Levels Guide Price Action</strong></h2>
<p>ADA maintains several support zones, with $0.90 acting as an immediate buffer against further declines. The $0.80 mark presents a stronger support level, marked by previous price reactions. The 200-period SMA at $0.56 establishes a final defense line for bulls.</p>
<p>On the resistance side, the $1.00 threshold stands as both a psychological and technical barrier. The price previously struggled at the $1.20 zone, creating an upper resistance boundary. These levels shape the token’s trading range and potential breakout zones.</p>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/fantom-ftm-price-pumps-theres-a-lot-to-like-says-elite-crypto-analyst/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Fantom (FTM) Price Pumps: ‘There’s a Lot to Like,’ Says Elite Crypto Analyst</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-market-momentum-and-volume-analysis-strong"><strong>Market Momentum and Volume Analysis</strong></h2>
<p>The Relative Strength Index (RSI) hovers around 52, pointing to neutral market momentum. A break below the 50-mark on the RSI could reinforce bearish sentiment.&nbsp;</p>
<p>Current trading patterns show lower highs forming on shorter timeframes, while the mid-term outlook remains uncertain following rejection at $1.00. However, at publication, ADA has risen over the past day by 3.59%. <a href="https://coinmarketcap.com/currencies/cardano/" target="_blank" rel="noopener noreferrer nofollow">It trades at $0.973065</a>.</p>
<p>The analyst’s assessment aligns with technical indicators suggesting cautious trading conditions. The combination of price action, volume analysis, and momentum readings paint a picture of market indecision, warranting close observation of key price levels for potential directional moves.</p>
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<p>The post <a href="https://captainaltcoin.com/analyst-warns-cardano-ada-holders-more-downside-could-be-in-store/" rel="noopener noreferrer nofollow">Analyst Warns Cardano (ADA) Holders: More Downside ‘Could Be in Store’</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Analyst Warns Cardano (ADA) Holders: More Downside ‘Could Be in Store’

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