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Cardano (ADA) Downtrend Deepens—Rebound Possible?
A comeback wave over $0.680 failed for Cardano. ADA is consolidating at $0.650 and risking additional losses.
ADA fails to break $0.70 resistance.
The price is below $0.680 and the 100-hour SMA.
On the hourly ADA/USD chart, a bullish trend line with support at $0.6720 broke.
The pair might rise again if it breaks $0.70 barrier.
Cardano Drops Again
Cardano, like Bitcoin and Ethereum, recovered from $0.6350 in recent days. ADA broke through $0.680 and $0.6880 barrier.
However, bears were active over $0.70. The price reversed most gains after reaching $0.7090. Price fell below $0.650. In addition, the hourly ADA/USD chart broke below a positive trend line with support around $0.6720.
The price is consolidating losses at the 23.6% Fib retracement level of the current slide from the $0.7090 swing high to the $0.6356 low. Cardano is below $0.680 and the 100-hour SMA.
On the upside, resistance may be approaching $0.6720 or the 50% Fib retracement level of the current slide from $0.7090 swing high to $0.6356 low. Around $0.6950 is the initial resistance. The next hurdle may be $0.700.
If the price closes over $0.70 barrier, it might surge strongly. In this situation, the price may reach $0.7420. More advances may lead to $0.7650 soon.
Another ADA Drop?
If Cardano fails to break $0.6720 barrier, it might fall again. Near $0.6420 is immediate downside support.
Near $0.6350 is the next key support. A drop below $0.6350 might challenge $0.620. The next significant support is $0.60, where bulls may appear.
Tech Indicators
Hourly MACD - ADA/USD MACD is losing negative momentum.
Hourly ADA/USD RSI is below 50.
Key Support Levels: $0.6420, $0.6350.
Major resistance levels: $0.6720, $0.7000.
#TrumpTariffs #ETH #WhaleMovements #Cardano $ADA 4.3 BTC rose with a long wick candle to 88500 in the morning before rapidly falling, and Ether returned to 1800 again.
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BTC analysis
The BTC daily chart yesterday reached a high with a Long Wick Candle up to around 88550 and a low falling to around 82300, closing at around 82500. The support level below is around 82250; if it breaks, we can look towards around 81550. A pullback can be a good opportunity to go long in the vicinity. The resistance level above is at MA14; if it breaks, we can look towards MA200. A rebound near this level can be an opportunity to go short. The MACD shows a decrease in bullish momentum with the two lines converging. The four-hour chart shows support below at around 82350; if it breaks, we can look towards around 81200. A pullback can be a good opportunity to go long in the vicinity. The resistance level above is at MA14; if it breaks, we can look towards MA60. A rebound near this level can be an opportunity to go short. The MACD shows a decrease in bullish momentum forming a death cross. ETH analysis.
The Ether daily line fell from a high of around 1960 yesterday to a low of around 1780, closing at around 1795. The support level is around 1750; if it breaks, we can look to around 1700. A retracement can be used to enter long positions nearby. The resistance level is around MA14; if it breaks, we can look to around 2000 points. A rebound to the nearby area can be used to enter short positions. The MACD shows a decreasing bullish momentum with the lines converging. The four-hour upper resistance is around MA14; if it breaks, we can look to around MA90. A rebound to the nearby area can be used to enter short positions. The MACD shows a decreasing bullish momentum and forms a death cross #关税政策后市场分析#. United States Tech Stocks Today:
1. AppLovin, $APP: -13%
2. Robinhood, $HOOD: -12%
3. Apple, $AAPL: -9%
4. Amazon, $AMZN: -9%
5. Tesla, $TSLA: -8%
6. Broadcom, $AVGO: -8%
7. Meta, $META: -8%
8. Nvidia, $NVDA: -7%
9. AMD, $AMD: -6%
10. Alphabet, $GOOGL: -4%
The S&P 500 has now erased over $2 TRILLION today and the Russell 2000 is in bear market territory.
The Nasdaq 100 is Just 2% away from entering its first bear market since 2022.
Truly a historic day in the market. 
