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Cryptocurrency News Articles

Cardano (ADA) Starts April on Shaky Ground, Threat of Breakdown Looms if $0.65 Fails

Apr 01, 2025 at 06:21 pm

Cardano (ADA) kicked off April on shaky ground, with the price slipping below the $0.68 zone and hovering dangerously close to key horizontal support at $0.6529.

Cardano (ADA) Starts April on Shaky Ground, Threat of Breakdown Looms if $0.65 Fails

April 1, 2025

Cardano (ADA/USD) Technical Overview – April 1, 2025Breakdown Threat Looms if $0.65 Fails

Cardano (ADA) kicked off April on shaky ground, with the price slipping below the $0.68 zone and now hovering dangerously close to key horizontal support at $0.6529. The sell pressure that dominated late March appears far from over, as volume thins out and momentum indicators point to more downside ahead.

ADA has now failed to post a higher high since mid-March, and the MACD on the daily chart shows a shallow but persistent bearish crossover. The Relative Strength Index (RSI) reads 44.06—neutral but leaning bearish, with no signs yet of meaningful accumulation.

ADA Technical Levels

Support: $0.5197, $0.4301, $0.3544

Resistance: $0.7656, $0.9042, $1.0428

Cardano (ADA) Price Chart Analysis: Benzinga

What Next For Cardano

If ADA breaks decisively below $0.6529, the next downside target is $0.5197—last tested during the January consolidation range. Bulls need to reclaim $0.7656 to reset the short-term structure and invalidate this downward drift.

The broader crypto backdrop remains fragile, with Bitcoin struggling below resistance and altcoins showing no leadership. Without a spark in volume or a macro catalyst, Cardano could quietly slip into deeper territory.

As Q2 begins, ADA traders should remain cautious. This isn’t the time to chase, but rather to watch key levels and prepare for reaction zones. Until then, the charts are clear: support is under fire, and bulls are out of breath.

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Other articles published on Apr 07, 2025