Recent Pullbacks in Bitcoin and Cardano Have Kicked Off Fresh Debate

Bitcoin slipped below $80000 again, while Cardano traded under $0.60, levels some traders quickly labeled a “crash.”

Recent pullbacks in Bitcoin and Cardano have sparked debate: is the crypto market weakening, or just consolidating before its next major move?

Bitcoin slipped below the $80,000 again, while Cardano traded under $0.60, levels some traders quickly labeled a “crash.”

However, crypto commentator Dan Gambardello, known for his longer-term market views, shared a different perspective.

Drawing on historical patterns, he reminds investors that similar fear and negativity dominated markets during the COVID-19 crash back when Bitcoin fell under $4,000 and Cardano plunged below $0.02 – price points since long surpassed.

His comments suggest the current market action might be an early phase of a broader financial shift, with crypto still potentially leading the way.

BTC and ADA Price Check & Levels

Bitcoin is currently trading at $77,805.58, showing a 2.12% decrease in the past 24 hours. The weekly chart shows a more substantial 7.58% decline from its recent highs.

Its vast market capitalization, still over $1.5 trillion with nearly 20 million BTC in circulation, speaks to a strong long-term market presence despite the short-term price chop.

Cardano, on the other hand, is showing a similar short-term decline. It currently trades at $0.5753, down 1.49% on the day. Earlier in the session, ADA price action started stronger, touching highs near $0.620 before facing strong sellers that pushed the price down to an intraday low of $0.540.

Key support levels traders are watching for ADA include the recent bounce zone at $0.540 and the $0.560 area, where minor rebounds have occurred previously.

On the upside, immediate resistance lies near $0.5841, followed by psychological levels at $0.600 and the recent peak near $0.620. Breaking these levels will be crucial for any potential reversal.

Technical Indicators Suggest a Turning Point May Be Near

The RSI for Cardano is currently at 36.55, suggesting that the asset is approaching oversold territory. A further decline could spark some buying interest.

Additionally, the MACD indicator shows bearish momentum, but signs of flattening in the histogram hint at a potential crossover, a technical indicator that traders often watch for as it could act as a trigger for short-term price reversals.

Looking further out, Coincodex forecasts for December 2025 predict ADA could be trading between $0.718 and $0.729. If this holds, it would mean a potential gain of over 25% from current prices.

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