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It is not every day that Ansem, a trader who has earned a solid reputation over the past year as one of the sharpest minds in the crypto space - especially known for his focus on Solana - turns his attention to<a href="https://u.today/cardano-founder-debunks-ghost-chain-claims-whats-going-on" rel="noopener noreferrer nofollow">Cardano (ADA)</a>. But here we are, with the expert trader releasing a detailed<a href="https://u.today/105-billion-cardano-ada-in-24-hours-whats-happening" rel="noopener noreferrer nofollow">ADA price outlook</a> that is turning heads, primarily because it does not exactly scream optimism.
The chart he shared paints a picture of ADA trapped in a downtrend, with lower highs and lower lows stacking up over the past few months.
The $0.7786 level, identified as a key resistance zone, has been a brick wall for ADA, with the price repeatedly bouncing off it. This indicates that sellers are in control every time the price attempts to push higher.
<blockquote class="twitter-tweet">
 <a href="https://t.co/xWuUTnuos4" rel="noopener noreferrer nofollow">pic.twitter.com/xWuUTnuos4</a>— Ansem 🧸💸 (@blknoiz06) <a href="https://twitter.com/blknoiz06/status/1903456870867611708?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 22, 2025</a>
</blockquote>
What is interesting, though, is what is missing from the chart - no flashy indicators like moving averages or RSI, just raw price action telling a story of consolidation and indecision.
Right now, ADA is trading within a range, and Ansem believes it is at a crucial crossroads. Either it continues below the current support and heads toward $0.4, or it somehow finds the strength to break above the stubborn $0.80 resistance and flip the script, if the price manages not to take a roundtrip.
But here’s the catch - Ansem is not holding his breath for a miracle breakout as his general outlook on the crypto market has been bearish for some time, and this<a href="https://u.today/cardano-ada-at-risk-crucial-support-faces-major-test" rel="noopener noreferrer nofollow">Cardano</a> analysis fits right into that narrative.
Without some major fundamental shift to shake things up, he seems to think the path of least resistance is down, and a 50% drop from current levels is not off the table. <a href="https://u.today/cardano-ada-could-be-50-cheaper-soon-top-trader-warns" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

Cardano (ADA) Could Be 50% Cheaper Soon, Top Trader Warns

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