Cardano

Elite

Resistance

Fantom (Migrated to Sonic)

Read

<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 $1.00 level broke to the downside, suggesting increased selling pressure.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$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>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<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>
<p><em><strong>Follow us on&nbsp;<a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>,&nbsp;<a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap&nbsp;</a>and&nbsp;<a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a>&nbsp;for more daily crypto updates.<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<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’

Table of Contents

CaptainAltcoin

Other articles published on Nov 27, 2024

Retail Investors’ Impact on Hurdling Bitcoin’s Climb to $100K

Bitcoin Spot ETF Outflows Total $123M Amid Ethereum Inflows

Solana at a Crossroads: Will $230 Support Hold or Reverse the Trend?

5 million players are collecting Whale Token before the launch

Bitwise Seeks SEC Approval for New ETF Featuring Bitcoin and Ether

Final Chance? Grab This Cryptocurrency Before Its Predicted 10,000% Surge Outpaces DOGE

Join our free newsletter for daily crypto updates!