The Cardano price is struggling to gain upward traction as bearish sentiment continues to weigh on the market. After briefly reclaiming $0.64, ADA has resumed its downward drift, trading at $0.626 as of today, with a near 1% decline on the 4-hour chart. Price action has been tightly compressed, revealing a clear lack of bullish conviction while support zones are increasingly being tested.
What’s Happening With Cardano’s Price?
After recovering from the $0.613 range last week, ADA attempted a mild rebound toward $0.653 but was swiftly rejected at the dynamic 100 and 200 EMAs. This rejection marked a continuation of its broader downtrend visible on the daily and 4-hour charts. The current Cardano price action shows lower highs and relatively flat support retests, suggesting sellers continue to dominate.
The Bollinger Bands on the 4-hour timeframe remain narrow, pointing to declining Cardano price volatility, while the price consistently trades near the lower band—typically a bearish sign unless followed by a strong reversal. Meanwhile, price is again nearing the bottom of its multi-month descending channel, as shown on the daily timeframe.
Cardano (ADA) Price Prediction: Indicators Signal Bearish Continuation
The RSI on the 30-minute chart sits at 32.30, now approaching oversold territory, yet without signs of bullish divergence. The MACD is also trending downward, with both MACD and signal lines below the zero line and histogram bars firmly negative—indicating strong bearish momentum.
Ichimoku Cloud analysis adds further weight to the downside bias. On the 30-minute chart, ADA is trading beneath the Kijun-Sen and Tenkan-Sen lines, and the Chikou Span is well below price, all signaling downward continuation. The cloud ahead is thin and flat, suggesting weak support unless bulls step in decisively.
Directional Movement Index (DMI) reinforces this setup, with the -DI (33.58) clearly dominating over the +DI (12.72), and ADX holding above 25, pointing to a strengthening bearish trend.
Why is Cardano Price Going Down Today?
Why Cardano price going down today is closely tied to sustained rejection at key exponential moving averages and a deteriorating market structure. ADA’s repeated failures near the $0.65 level have triggered short-term selling pressure. The Volume Profile on the daily chart highlights that $0.656 was the highest traded zone over the last 30 days—serving as a strong resistance shelf where sellers consistently re-enter.
Moreover, On-Balance Volume (OBV) has been on a persistent downtrend since early June, reflecting ongoing distribution. The latest Cardano price update shows declining interest even during small rallies, confirming weak demand.
Cardano (ADA) Price Prediction: Key Technical Levels And Patterns
On both the 4-hour and daily charts, Cardano price (ADA) remains confined within a descending channel, with resistance near $0.69 and strong support forming between $0.60 and $0.61.
The Donchian Channels confirm the prevailing bearish bias, as price consistently hugs the lower bands and fails to sustain any move above the mid-range, suggesting continued selling pressure. The Parabolic SAR dots have also flipped above the price on most recent candles, signaling a bearish continuation in the short term.
A key downward trendline from the June 12 swing high has acted as persistent resistance, while the intraday VWAP—currently aligned around $0.631—has repeatedly rejected upside attempts, reinforcing the bearish structure.
Meanwhile, the Vortex Indicator shows the negative VI- line holding above the positive VI+ line, further confirming that downward momentum remains dominant. Until ADA decisively reclaims the $0.653 level and the 100 EMA, any bullish scenario remains speculative and unsupported by broader trend confirmation.
Short-Term Cardano (ADA) Price Forecast
The short-term forecast suggests that if ADA loses the $0.620–$0.613 support range, further downside toward $0.600 or even $0.584 becomes likely. Conversely, a bounce from this zone could trigger another test of $0.640 and $0.653, but only a breakout above $0.670 would challenge the broader downtrend.
The 4-hour BBP (Bullish Bearish Power) is negative again, indicating sellers are in control. While oversold RSI may lead to minor relief rallies, any gains are expected to be capped unless volume improves significantly.
Cardano (ADA) Price Prediction Table
Level | Value (USD) |
Cardano price today | $0.626 |
Immediate support | $0.620 – $0.613 |
Major support | $0.600 – $0.584 |
Immediate resistance | $0.635 – $0.653 |
Higher resistance | $0.671 – $0.689 |
RSI (30-minute) | 32.30 (approaching oversold) |
MACD | Bearish crossover |
Ichimoku Bias | Bearish below cloud |
DMI | -DI dominant over +DI |
OBV Trend | Sloping downward |
Bollinger Bands | Constrained; lower band tested |
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