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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.
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.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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