Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

JPMorgan Chase CEO warns the stock market witnessing ‘extraordinary amount of complacency’ in the midst of abrupt recovery

2025-05-21

SEC counts Unicoin – $ 100 million exposed to alleged fraud!

2025-05-21

US Senate promotes genius law in the midst of dual support

2025-05-21
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Sahara AI launches Siwa Testnet to authorize decentralized AI builders

    2025-05-21

    WalletConnect’s Smart Sessions ‘Redefine’ Wallet UX for Future or AI agents: Founder

    2025-05-21

    Adventure Layer is launched as First Gaming L2 on Berachain

    2025-05-20

    Arbitrum affects $ 1.5 billion volume milestone on Uniswap V4

    2025-05-20

    BSCS Backs Backs AI-conducted shopping assistant in collaboration with Pulsebot AI

    2025-05-20
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    JPMorgan Chase CEO warns the stock market witnessing ‘extraordinary amount of complacency’ in the midst of abrupt recovery

    2025-05-21

    Cardano (ADA) in Focus: Can it break this barrier and recover Momentum?

    2025-05-21

    Trader warns Bitcoin (BTC) blinking bearish signal, says gold that steam collects for the next leg up

    2025-05-20

    XRP -Price will still gather here, crypto -veteran Raoul Pal predicts

    2025-05-20

    Milei closes Libra Task Force and investigates ties with its administration

    2025-05-20
  • Learn

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Analysis»ADA drops below the $0.3389 level, deeper downtrend looms?
Analysis

ADA drops below the $0.3389 level, deeper downtrend looms?

2024-11-04No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Cardano (ADA) has once again fallen below the crucial support level at $0.3389, raising fears of an extended bearish phase. This level has previously provided a strong line of defense for ADA, but the recent breakthrough suggests that sellers may be gaining the upper hand. With the ADA navigating lower levels, investors continue to wonder if this slip could open the door for a deeper downtrend.

As the bears tighten their grip, this article aims to analyze the ADA’s recent decline below the critical support level at $0.3389 and evaluate the likelihood of a deeper downtrend. By examining technical signals and market dynamics, this piece will provide readers with a clear understanding of ADA’s current position, its potential risks, and its future paths in the face of mounting bearish pressure.

Technical Analysis: Is ADA Ready for Further Shift?

On the 4-hour chart, ADA has recently fallen below $0.3389, with the price now showing strong bearish momentum while trading below the 100-day Simple Moving Average (SMA). This positioning below the SMA is a key indicator of potential long-term downward movement, suggesting that sellers are currently in control. If the selling pressure continues, the $0.2388 level will become a key area to watch.

ADA

Also, the 4-hour Composite Trend Oscillator for ADA is showing negative signals as both the SMA line and the signal line have dropped below the zero level and are approaching the oversold zone. This movement usually signals that selling pressure is increasing, indicating that sellers are becoming increasingly dominant in the marketplace.

On the daily chart, Cardano is showing pronounced downward force, highlighted by a bearish candlestick pattern indicating increased selling pressure below $0.3389. This pattern indicates that sellers are firmly in control of the market, ruthlessly driving down the price, leaving a high probability of further losses in the short term.

See also  MicroStrategy announces $ 563,400,000 shares of stocks, says that part of the proceeds will be used to acquire more Bitcoin

ADA

An in-depth examination of the 1-day Composite Trend Oscillator shows that Cardano is likely poised for long-term losses. After the signal line fails to break above the SMA line, the signal line drops and moves towards the oversold zone, indicating a significant negative shift in momentum. If this downtrend continues, Cardano could face significant challenges in sparking a recovery, which could lead to an extended period of sluggish price movements.

Key levels to watch in the coming days

As Cardano faces a challenging market landscape, investors should keep an eye on several key levels in the coming days. Attention should be focused on the support level at $0.2388, which could provide crucial protection against further recessions. Should ADA maintain its position above this threshold, it could pave the way for a potential recovery, targeting the $0.3389 level and even higher.

Conversely, if ADA falls below the $0.2388 support level, it could indicate a deeper bearish trend, leading to possible declines towards other support levels and increased selling pressure.

ADA

Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

JPMorgan Chase CEO warns the stock market witnessing ‘extraordinary amount of complacency’ in the midst of abrupt recovery

2025-05-21

Cardano (ADA) in Focus: Can it break this barrier and recover Momentum?

2025-05-21

Trader warns Bitcoin (BTC) blinking bearish signal, says gold that steam collects for the next leg up

2025-05-20

XRP -Price will still gather here, crypto -veteran Raoul Pal predicts

2025-05-20
Add A Comment

Comments are closed.

Top Posts

Ethereum touches 2025 lows on these fronts: Is ETH in problems?

2025-03-18

Futureverse: Breaking ground with the Open Metaverse concept

2023-05-19

Collective Ways to Make Exceptional Profit for Investors 

2023-07-30
Editors Picks

XRP price may gain strength above this key resistance

2023-07-05

DOJ Charges Two Chinese Nationals for Allegedly Laundering Proceeds of $73,000,000 in ‘Pig Butchering’ Crypto Scam

2024-05-19

Bitcoin still cannot close daily candle above $ 106k after 8 failed attempts in 2025

2025-05-20

Scammers hijap visa, Dean Norris Social Media accounts to promote fake solana -tokens

2025-01-27
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

JPMorgan Chase CEO warns the stock market witnessing ‘extraordinary amount of complacency’ in the midst of abrupt recovery

SEC counts Unicoin – $ 100 million exposed to alleged fraud!

US Senate promotes genius law in the midst of dual support

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$106,316.320.98%
  • ethereumEthereum(ETH)$2,529.730.06%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.34-0.28%
  • binancecoinBNB(BNB)$650.650.53%
  • solanaSolana(SOL)$167.930.26%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.2253321.55%
  • cardanoCardano(ADA)$0.751.90%
  • tronTRON(TRX)$0.269890-1.27%
  • suiSui(SUI)$3.82-0.93%
  • chainlinkChainlink(LINK)$15.68-1.42%
  • avalanche-2Avalanche(AVAX)$22.511.07%
  • stellarStellar(XLM)$0.2876351.53%
  • hyperliquidHyperliquid(HYPE)$26.50-0.38%
  • shiba-inuShiba Inu(SHIB)$0.0000140.68%
  • hedera-hashgraphHedera(HBAR)$0.1950110.13%
  • unus-sed-leoUNUS SED LEO(LEO)$8.811.11%
  • bitcoin-cashBitcoin Cash(BCH)$396.831.85%
  • the-open-networkToncoin(TON)$3.03-0.21%
  • polkadotPolkadot(DOT)$4.641.46%
  • litecoinLitecoin(LTC)$94.831.68%
  • moneroMonero(XMR)$362.993.71%
  • bitget-tokenBitget Token(BGB)$5.13-0.69%
  • piPi(PI)$0.797.39%
  • pepePepe(PEPE)$0.0000133.40%
  • daiDai(DAI)$1.00-0.03%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • uniswapUniswap(UNI)$6.225.43%
  • aaveAave(AAVE)$256.06-3.23%
  • bittensorBittensor(TAO)$414.90-0.99%
  • nearNEAR Protocol(NEAR)$2.77-0.22%
  • aptosAptos(APT)$5.12-0.09%
  • okbOKB(OKB)$52.00-0.32%
  • ondo-financeOndo(ONDO)$0.94-0.59%
  • kaspaKaspa(KAS)$0.110088-0.50%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.2210.85%
  • ethereum-classicEthereum Classic(ETC)$18.430.72%
  • internet-computerInternet Computer(ICP)$5.220.52%
  • gatechain-tokenGateToken(GT)$21.510.64%
  • crypto-com-chainCronos(CRO)$0.096127-0.51%
  • mantleMantle(MNT)$0.740.54%
  • vechainVeChain(VET)$0.0282071.53%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.230145-1.10%
  • render-tokenRender(RENDER)$4.620.57%
  • ethenaEthena(ENA)$0.3788111.79%
  • usd1World Liberty Financial USD(USD1)$1.000.01%
  • algorandAlgorand(ALGO)$0.2238111.16%
  • arbitrumArbitrum(ARB)$0.3943920.45%
  • cosmosCosmos(ATOM)$4.882.27%
  • bitcoinBitcoin(BTC)$106,316.320.98%
  • ethereumEthereum(ETH)$2,529.730.06%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.34-0.28%
  • binancecoinBNB(BNB)$650.650.53%
  • solanaSolana(SOL)$167.930.26%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.2253321.55%
  • cardanoCardano(ADA)$0.751.90%
  • tronTRON(TRX)$0.269890-1.27%
  • suiSui(SUI)$3.82-0.93%
  • chainlinkChainlink(LINK)$15.68-1.42%
  • avalanche-2Avalanche(AVAX)$22.511.07%
  • stellarStellar(XLM)$0.2876351.53%
  • hyperliquidHyperliquid(HYPE)$26.50-0.38%
  • shiba-inuShiba Inu(SHIB)$0.0000140.68%
  • hedera-hashgraphHedera(HBAR)$0.1950110.13%
  • unus-sed-leoUNUS SED LEO(LEO)$8.811.11%
  • bitcoin-cashBitcoin Cash(BCH)$396.831.85%
  • the-open-networkToncoin(TON)$3.03-0.21%
  • polkadotPolkadot(DOT)$4.641.46%
  • litecoinLitecoin(LTC)$94.831.68%
  • moneroMonero(XMR)$362.993.71%
  • bitget-tokenBitget Token(BGB)$5.13-0.69%
  • piPi(PI)$0.797.39%
  • pepePepe(PEPE)$0.0000133.40%
  • daiDai(DAI)$1.00-0.03%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • uniswapUniswap(UNI)$6.225.43%
  • aaveAave(AAVE)$256.06-3.23%
  • bittensorBittensor(TAO)$414.90-0.99%
  • nearNEAR Protocol(NEAR)$2.77-0.22%
  • aptosAptos(APT)$5.12-0.09%
  • okbOKB(OKB)$52.00-0.32%
  • ondo-financeOndo(ONDO)$0.94-0.59%
  • kaspaKaspa(KAS)$0.110088-0.50%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.2210.85%
  • ethereum-classicEthereum Classic(ETC)$18.430.72%
  • internet-computerInternet Computer(ICP)$5.220.52%
  • gatechain-tokenGateToken(GT)$21.510.64%
  • crypto-com-chainCronos(CRO)$0.096127-0.51%
  • mantleMantle(MNT)$0.740.54%
  • vechainVeChain(VET)$0.0282071.53%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.230145-1.10%
  • render-tokenRender(RENDER)$4.620.57%
  • ethenaEthena(ENA)$0.3788111.79%
  • usd1World Liberty Financial USD(USD1)$1.000.01%
  • algorandAlgorand(ALGO)$0.2238111.16%
  • arbitrumArbitrum(ARB)$0.3943920.45%
  • cosmosCosmos(ATOM)$4.882.27%