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

Billionaire Ray Dalio says that FED should not lower rates yet, warns against aggressive relaxation of the monetary policy for the bond market

2025-05-22

Crypto Analyst places Bitcoin price at $ 120,000 if this range breakdown happens

2025-05-22

Solana to get a big design prevention

2025-05-22
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

    Solana to get a big design prevention

    2025-05-22

    World3 Powers AI-driven Governance on-Chain with Quack AI

    2025-05-22

    Validation Cloud implements AI -Engine on Hedera

    2025-05-22

    Sony announces the Mavet launch of Soneium Blockchain

    2025-05-21

    Nitro Labs launches data anchor to lower the storage costs of Solana

    2025-05-21
  • NFT

    FIFA starts Avalanche L1 to Power Soccer NFT Collectibles Platform

    2025-05-22

    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
  • 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

    Solana (SOL) strives higher with strong copper support, next stop $ 200?

    2025-05-22

    Bitcoin price reaches new all time above $ 111,000

    2025-05-22

    Analyst predicts huge Bitcoin outburst based on one gold graph, sees the Altcoin market following

    2025-05-22

    Bitcoin price rays to New All Time Bulls takes the lead

    2025-05-22

    Mike Novogratz says that weakening dollars, broadening the shortage and the deteriorating financial situation of America ‘very good’ for Bitcoin and Crypto

    2025-05-21
  • Learn

    What Is a DEX (Decentralized Exchange)?

    2025-05-21

    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
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»A possible deep correction could push Cardano price to $0.43. Here’s how
Altcoins

A possible deep correction could push Cardano price to $0.43. Here’s how

2024-12-25No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

This article is available in Spanish.

The Cardano price action has remained below the $1 mark in light of the corrections over the past seven days. This correction, which played out across the crypto industry, pushed Cardano back below the $1 mark on 18% of December.

Although the broader trend points to a possible move on the weekly time frame towards a new all-time high (ATH), recent technical analysis on TradingView has opened the possibility of a continued correction towards $0.43 before another strong upward move.

Current price movements highlight resistance and cooling off period

According to technical analysis of the Cardano (ADA) price action on the weekly candlestick timeframe, the cryptocurrency has encountered notable resistance around $1.2046. This resistance arose afterwards Cardano’s remarkable 205% increase from $0.4322 at the end of October to $1.32 at the end of November.

Related reading

Interestingly, this notable price increase caused Cardano to reach significant lows that serve as support levels for the price. Furthermore, the rally ended with Cardano entering the overbought zone on the Relative Strength Index (RSI) indicator. The rally culminated in Cardano price peaking at 82.87 on the RSI, but has since returned to a cool-off/correction period where buying pressure is consolidating at the time of writing.

Cardano’s consolidation has opened up prospects for the next direction, with significant buying volumes observed during recent trading sessions.

A deep correction could test critical support at $0.43

While the long-term outlook remains bullish, the analysis highlights the scenario of a deep correction that could further push Cardano price lower in the short term. With this in mind, the analyst points to support levels that ADA may revisit in the event of a deeper correction. The first key level at $0.7683 has already proven its significance and acts as a reactionary zone in recent price movements.

See also  Bitcoin Price Recovers Within Range, Bears Still In Control Below $30K

Related reading

Below that, $0.4322 represents the ultimate support for the current bullish leg. What this means is that ADA must remain above the USD 0.43 support level for a bullish trajectory to remain valid. Failure to sustain above $0.43 at this point will likely lead to further price declines and a change in bearish outlook.

The analyst also identifies $0.3166 and $0.2427 as primary supports. These levels represent Cardano’s lowest support during the previous bear market and are less likely to be breached in the event of a longer-term decline.

Despite the potential for a deep correction, Cardano’s recent market behavior and purchasing trends suggest one promising long-term prospects. At the time of writing, ADA is trading at $0.912 and is up 2% in the last 24 hours. Once the current resistance at $1.2046 is cleared, ADA is well positioned to challenge its all-time high of $3.09 and possibly set new highs in the current cycle.

Cardano price chart from Tradingview.com
ADA price still under $1 | Source: ADAUSDT on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com

Source link

Cardano Correction Deep Heres Price Push
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Crypto Analyst places Bitcoin price at $ 120,000 if this range breakdown happens

2025-05-22

BNB meeting to all time becomes strong, but this crucial zone has to hold

2025-05-22

Bitcoin price reaches new all time above $ 111,000

2025-05-22

SPX6900 Rallies 104% – Is $ 1 next, if so, can SPX maintain it?

2025-05-22
Add A Comment

Comments are closed.

Top Posts

Bitcoin to $45,000 or $30,000? Analyst Reveals Key Factor That Will Determine The Decision

2024-02-05

The FBI joins investigation into SEC X account compromise

2024-01-11

BTC does shock deliver income? Exchange reserves touch multi-year lows!

2025-02-18
Editors Picks

JP Morgan’s Onyx leverages Biconomy’s innovation in Project Guardian Proof-of-Concept

2023-11-17

Louis Vuitton, Pharrell unveil ‘Speedy’ bag NFT with IRL claim

2023-07-18

Bitcoin (BTC) is about to become the ‘Blow-Off Top’ before the summer, according to economist Henrik Zeberg

2023-04-28

How Bitcoin Mining Brings Work Back to Small Texas Towns…

2024-04-08
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

Billionaire Ray Dalio says that FED should not lower rates yet, warns against aggressive relaxation of the monetary policy for the bond market

Crypto Analyst places Bitcoin price at $ 120,000 if this range breakdown happens

Solana to get a big design prevention

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)$111,242.251.55%
  • ethereumEthereum(ETH)$2,648.402.17%
  • tetherTether USDt(USDT)$1.00-0.03%
  • rippleXRP(XRP)$2.430.29%
  • binancecoinBNB(BNB)$681.192.19%
  • solanaSolana(SOL)$178.572.92%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2398551.99%
  • cardanoCardano(ADA)$0.803.41%
  • tronTRON(TRX)$0.2772911.69%
  • suiSui(SUI)$3.90-3.41%
  • chainlinkChainlink(LINK)$16.752.48%
  • hyperliquidHyperliquid(HYPE)$32.3616.54%
  • avalanche-2Avalanche(AVAX)$25.246.91%
  • stellarStellar(XLM)$0.3006761.55%
  • shiba-inuShiba Inu(SHIB)$0.0000151.41%
  • bitcoin-cashBitcoin Cash(BCH)$434.486.17%
  • hedera-hashgraphHedera(HBAR)$0.2037191.44%
  • unus-sed-leoUNUS SED LEO(LEO)$8.860.67%
  • the-open-networkToncoin(TON)$3.171.38%
  • polkadotPolkadot(DOT)$4.921.89%
  • litecoinLitecoin(LTC)$98.961.20%
  • moneroMonero(XMR)$398.267.85%
  • bitget-tokenBitget Token(BGB)$5.22-0.52%
  • pepePepe(PEPE)$0.000014-0.42%
  • piPi(PI)$0.81-2.31%
  • daiDai(DAI)$1.000.03%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • bittensorBittensor(TAO)$475.708.38%
  • uniswapUniswap(UNI)$6.420.06%
  • aaveAave(AAVE)$255.82-1.02%
  • nearNEAR Protocol(NEAR)$3.053.87%
  • aptosAptos(APT)$5.676.00%
  • ondo-financeOndo(ONDO)$1.022.83%
  • okbOKB(OKB)$52.680.24%
  • official-trumpOFFICIAL TRUMP(TRUMP)$15.533.45%
  • kaspaKaspa(KAS)$0.1171962.77%
  • internet-computerInternet Computer(ICP)$5.612.89%
  • ethereum-classicEthereum Classic(ETC)$19.662.54%
  • render-tokenRender(RENDER)$5.186.84%
  • gatechain-tokenGateToken(GT)$21.770.38%
  • crypto-com-chainCronos(CRO)$0.1001231.54%
  • vechainVeChain(VET)$0.0304403.40%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2496942.98%
  • mantleMantle(MNT)$0.761.49%
  • ethenaEthena(ENA)$0.4159241.90%
  • worldcoin-wldWorldcoin(WLD)$1.5121.42%
  • usd1World Liberty Financial USD(USD1)$1.000.02%
  • arbitrumArbitrum(ARB)$0.4318034.10%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.876.86%
  • bitcoinBitcoin(BTC)$111,242.251.55%
  • ethereumEthereum(ETH)$2,648.402.17%
  • tetherTether USDt(USDT)$1.00-0.03%
  • rippleXRP(XRP)$2.430.29%
  • binancecoinBNB(BNB)$681.192.19%
  • solanaSolana(SOL)$178.572.92%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2398551.99%
  • cardanoCardano(ADA)$0.803.41%
  • tronTRON(TRX)$0.2772911.69%
  • suiSui(SUI)$3.90-3.41%
  • chainlinkChainlink(LINK)$16.752.48%
  • hyperliquidHyperliquid(HYPE)$32.3616.54%
  • avalanche-2Avalanche(AVAX)$25.246.91%
  • stellarStellar(XLM)$0.3006761.55%
  • shiba-inuShiba Inu(SHIB)$0.0000151.41%
  • bitcoin-cashBitcoin Cash(BCH)$434.486.17%
  • hedera-hashgraphHedera(HBAR)$0.2037191.44%
  • unus-sed-leoUNUS SED LEO(LEO)$8.860.67%
  • the-open-networkToncoin(TON)$3.171.38%
  • polkadotPolkadot(DOT)$4.921.89%
  • litecoinLitecoin(LTC)$98.961.20%
  • moneroMonero(XMR)$398.267.85%
  • bitget-tokenBitget Token(BGB)$5.22-0.52%
  • pepePepe(PEPE)$0.000014-0.42%
  • piPi(PI)$0.81-2.31%
  • daiDai(DAI)$1.000.03%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • bittensorBittensor(TAO)$475.708.38%
  • uniswapUniswap(UNI)$6.420.06%
  • aaveAave(AAVE)$255.82-1.02%
  • nearNEAR Protocol(NEAR)$3.053.87%
  • aptosAptos(APT)$5.676.00%
  • ondo-financeOndo(ONDO)$1.022.83%
  • okbOKB(OKB)$52.680.24%
  • official-trumpOFFICIAL TRUMP(TRUMP)$15.533.45%
  • kaspaKaspa(KAS)$0.1171962.77%
  • internet-computerInternet Computer(ICP)$5.612.89%
  • ethereum-classicEthereum Classic(ETC)$19.662.54%
  • render-tokenRender(RENDER)$5.186.84%
  • gatechain-tokenGateToken(GT)$21.770.38%
  • crypto-com-chainCronos(CRO)$0.1001231.54%
  • vechainVeChain(VET)$0.0304403.40%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2496942.98%
  • mantleMantle(MNT)$0.761.49%
  • ethenaEthena(ENA)$0.4159241.90%
  • worldcoin-wldWorldcoin(WLD)$1.5121.42%
  • usd1World Liberty Financial USD(USD1)$1.000.02%
  • arbitrumArbitrum(ARB)$0.4318034.10%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.876.86%