Cardano price risks 30% crash as crypto CEO makes a dire prediction
WikiBit 2025-11-22 20:39
Cardano price has crashed by over 67% from its highest point in 2024 and is at risk of further downside as weak technicals coincide with its relatively
The three-day chart shows that the ADA price has been in a strong downward trend in the past few months. It has plunged from a high of $1.093 to the current $0.400, its lowest point since November last year.
It has moved below the important support at $0.5132, its lowest level in April and June this year. The coin has formed a mini death cross pattern as the 50-day and 100-day moving averages crossed each other.
The Average Directional Index has jumped to 36, a sign that the downtrend is accelerating. Also, the Relative Strength Index has moved to the oversold level.
Therefore, the most likely Cardano price prediction is bearish, with the next key target being at $0.2760, its lowest level in August last year. This target is about 30% below the current level.
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