Cardano’s price has fallen below the $0.680 mark like a wizard tripping over his robes. ADA is now awkwardly loitering around the $0.620 support, dreaming wistfully of the good old days when it thought “downtrend” was just a rumor spread by jealous cryptos.
- ADA price took a leap of faith below $0.70 and $0.680. Gravity swiftly proved itself still in business.
- The price is shuffling below $0.680 and the 100-hourly simple moving average. “Simple” is doing a lot of heavy lifting here.
- There’s a so-called bullish trend line holding up the fort at $0.630 on the hourly chart of the ADA/USD pair (data according to Kraken, who are definitely not kraken jokes at the moment).
- If ADA dips below $0.620, we may see another dramatic swan dive worthy of applause (if only in slow motion).
ADA’s Downhill Adventure ⛷️
Unlike Bitcoin and Ethereum, which at least managed to order a cup of coffee before heading home, Cardano skipped the polite phase and plummeted belligerently below $0.720. Bears, delighted at the unexpected company, shoved the price through the $0.680 floor and possibly several floors below that.
At $0.6134, things did what they always do in crypto: suddenly, for no apparent reason, they bounced. ADA managed to scramble above $0.620 and $0.6350, clinging onto the 23.6% Fibonacci retracement like someone who just realized Fibonacci never owned any crypto himself.
But alas! Resistance waits at $0.6560, a level bolstered by market bears, pessimism, and probably leftover New Year’s resolutions. Despite ADA’s best efforts and a bullish trend line at $0.630 acting like a kindly nurse offering encouragement, the price now finds itself awkwardly balanced, nervously eyeing $0.650 like an adventurer unsure if the next stone will hold.
Should ADA fancy itself the hero and close above $0.6720, celebrations will ensue and $0.70 might once again grace our charts, possibly even leading to wild rumors of $0.7350 before rationality ruins everything again. 📈
But if Cardano fails to break upward, brace for another round of “How Low Can You Go?” with immediate support loitering at $0.630, and the next safety net down at $0.620—though one suspects even the bulls are nervously googling “what rhymes with plummet” at this point.
Break under $0.620 and $0.60 could be next, followed by $0.5650, where bulls may (or may not) appear heroically at the last moment, capes fluttering—or more likely, towels thrown.
Technical Whizzbangs 🛠️
Hourly MACD: Trudging deeper into the bearish zone, possibly looking for coffee.
Hourly RSI: Less than 50. Five points for honesty.
Major Support Levels: $0.630 and $0.620 (“Try not to step here unless absolutely necessary”).
Major Resistance Levels: $0.6560 and $0.6720 (Admission by invitation only).
Read More
- Clash Royale Best Boss Bandit Champion decks
- Mobile Legends November 2025 Leaks: Upcoming new heroes, skins, events and more
- Stocks stay snoozy as Moody’s drops U.S. credit—guess we’re all just waiting for the crash
- The Best Movies of 2025 So Far
- The John Wick spinoff ‘Ballerina’ slays with style, but its dialogue has two left feet
- Bentley Delivers Largest Fleet of Bespoke Flying Spurs to Galaxy Macau
- Delta Force Best Settings and Sensitivity Guide
- Bealls & Flexa: Bitcoin Bonanza at 660+ Stores! 🛍️💰
- Clash of Clans: How to beat the Fully Staffed Challenge
- Millionaire Chicken Heir Johnny Ingham and Wife Rey Welcome Their First Baby!
2025-06-17 08:14