Cardano Crash Coming? Watch $0.60 Like a Hawk

4 hours ago 2

Cardano (ADA) price has been on a downward grind lately, and both the daily and hourly charts point to an increasingly fragile structure around the $0.62 level. With moving averages sloping down and price compressing near support, ADA price is inching closer to a make-or-break moment. Let's break down the charts and understand where ADA might head next.

Cardano Price Prediction: Is ADA Price Holding Its Ground or Just Delaying the Drop?

On the daily chart, Cardano price is trading at $0.628, staying below all key moving averages — the 20, 50, 100, and 200 SMAs. This is a classic bearish setup. The 50 SMA is acting as immediate dynamic resistance around $0.69, while the price struggles to stay above the crucial support zone between $0.62 and $0.60.

The Heikin Ashi candles are printing smaller body candles with lower highs, suggesting weakening momentum. If this compression continues, it could break downward unless bulls reclaim the 20-day SMA near $0.67.

To put things into perspective, ADA price dropped from a local high of $0.76 to the current $0.628, which is a decline of around 17.3% in just over two weeks.

Calculation:
$0.76 − $0.628 = $0.132
($0.132 / $0.76) × 100 ≈ 17.36% decline

This downward move came with increasing volatility and failed breakout attempts, confirming that buyers are losing control.

Is Hourly Price Action Showing a Reversal or Another Trap?

On the hourly chart, ADA price briefly reclaimed the 20 and 50 SMAs but failed to push beyond $0.65. The recent rejection from that level pushed ADA back below the short-term moving averages. The 200 SMA, hovering at $0.662, remains untouched — showing that medium-term sentiment hasn't changed.

Cardano Price has been consolidating between $0.61 and $0.64 for the past two days, forming a tight range. However, range trading often leads to explosive breakouts — and in this case, the repeated rejection at $0.65 leans bearish.

Notice how the Heikin Ashi candles are now showing successive lower highs, which aligns with a likely test of the $0.60 psychological support.

What Happens If $0.60 Breaks?

The horizontal support at $0.60 is not just technical — it’s also psychological. If this breaks, ADA price could quickly drop toward $0.54, the next visible support zone from early April.

Price Target Projection Using Measured Move:

From top of recent range: $0.65
To support base: $0.60
Range size = $0.05

If the $0.60 level breaks, the projected move is:
$0.60 − $0.05 = $0.55 target

So, a breakdown below $0.60 could see ADA move towards $0.54–$0.55 within days.

Can Bulls Flip the Script?

For the bullish case to emerge, ADA price needs to close above $0.67 on the daily chart. That would place it back above the 20 and 50 SMAs and reintroduce $0.70 and $0.76 as immediate resistance targets. However, unless volume supports this move, any breakout may be short-lived.

Final Verdict: What's the Cardano Price Prediction?

With both charts showing consistent resistance, tight ranges, and failure to reclaim critical SMAs, Cardano price appears more likely to test the $0.60 support and possibly break below it in the coming sessions.

A conservative prediction: