On the edge of Cardano? Ada can fall to $ 0.54 if this breakthrough does not happen – cryptomos
Cardano Ada is under pressure, lost nearly 50% of its value at the end of last year, and one analyst believes that the worst may not end.
After reaching $ 1.30 in December 2024, this symbol is almost half of its value, now according to Coingecko, about $ 0.65.
The decline has not been a straight decline, but a number of lower heights and failed breaks. Technical analyst Ali Martinez believe that the pattern can cause additional losses.
#Cardano $ Ada Rejected at the top of this shrinking channel, potentially setting to $ 0.63 or even $ 0.54 if the pressure persists. pic.twitter.com/eszywppzbm
– Ali (@ali_charts) May 6, 2025
In the X post, Martinez Ada pointed to the repeated inability to escape the shrinking channel, which has restricted its price for more than six months.
At the end of April, Ada bounced again from the top of this range and turned lower. If that does not rest, he warns that the mark may fall to $ 0.63 – or as low as $ 0.54 as the sales pressure intensifies.
Given that the Cardano Development Team will continue to further update and the community will remain active, the Barkes case also depends on the pricing. The ETF front rises.
As Cryptomode announced, analysts give a 75% probability that the Securities and Exchange Committee (SEC) will approve the ADA Spot ETF at the end of this year. Similarly, we see many more altcoin-based ETFs, including popular currencies such as Binance Coin (BNB), Sui Network (Sui) and of course Ripple's XRP.
Ada whales gather
However, some signs suggest that the setback may be close to this limit.
Recently, the analyst also brought a bullish pattern for Cardano, and if the property can break from the $ 0.74 resistance zone, it can exceed $ 0.88 and higher.
Retailers also closely monitor the coin RS, which has risen over 58, suggesting that it is a strength. However, traders should be careful as something can happen in the crypto world.
Others remain a bullshit, and Cardano's founder recently predicted that Ada's price reaches $ 10.
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