Cardano Price Prediction: ADA Set To Crash To $0.4 After Correction To Liquidity Zone

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A retest of this support is, however, very possible, and the reaction here will determine if Cardano breaks down further.Breakdown Below $0.581 Could Open The Floodgates For ADA Cardano’s price structure within the 4-hour candlestick chart shows lower highs and increasingly weaker bounces since March 26, reinforcing the bearish outlook.

A further breakdown is expected should ADA fail to hold the $0.581 support level, which has already served as a confluence area multiple times this cycle.  Related Reading: XRP, Cardano Command Inflows Amid Market Wide Selling – Here Are The Numbers The next key support lies at $0.5092, but this level is not expected to provide significant strength.

The analyst marks this area as the final destination for the current bearish phase unless broader market sentiment shifts dramatically.  Speaking of broader market sentiment, the crypto market was recently rocked by a surge in volatility triggered by conflicting reports about a supposed 90-day U.S.tariff suspension, but the White House quickly denied the rumour.

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Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: Bitcoin ADAUSDT Cardano news RLinda ADA/USDT ADA price Cardano price ADA news Fibonacci Retracement Zone Adausd Cardano ADA

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-09 @ 22:00:31 (6 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 471 words

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Copyright Owner: © NewsBTC

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