TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
|

Cardano Price Analysis: ADA/USD extends the decline, $0.1000 at risk

  • Cardano (ADA) has extended the downside correction after strong growth.
  • The critical support is created by the psychological $0.1000.
Cardano Price Analysis: ADA/USD extends the decline, $0.1000 at risk
Tanya AbrosimovaTanya AbrosimovaIndependent Analyst

Cardano (ADA) extended the decline and hit $0.1102 on Friday. The coin has lost 20% from the peak of $0.1386 reached on July 8. At the time of writing, ADA/USD is changing hands at $0.1120, down 9% in the recent 24 hours. The coin takes the seventh place in the global cryptocurrency market with the capitalization of $2.9 billion and an average daily trading volume of $535 million.

ADA/USD: Technical picture

On the intraday charts, ADA/USD is moving along the sloping lower line of 1-hour Bollinger Band. The local support is created by a psychological $0.1100. Once it is cleared, the sell-off may be extended towards $0.1060 (1-hour SMA200).  and $0.1000. As we have previously reported, this area may be a key for ADA in the short run, however, if it gives way, the sell-off may be extended towards the 50-day SMA at $0.0800.

On the upside, a sustainable move above $0.1230 is needed for the recovery to gain traction. This resistance area is reinforced by 1-hour SMA50 and followed by $0.1200.

ADA/USD 1-hour chart

Author

Tanya Abrosimova

Tanya Abrosimova

Independent Analyst

 

More from Tanya Abrosimova
Share:

Editor's Picks

Near Protocol slides below $5.00 after Near Intents $4M exploit

Near Protocol slides below $5.00 after Near Intents $4M exploit

Near Protocol (NEAR) uptrend has been cut short, as the price slides below $5.00 on Thursday. The correction comes after an exploit on the network’s Near Intents services, which affected deposits and withdrawals across 11 crypto networks. NEAR is currently trading at $4.88, below the daily high of $5.54, while falling momentum indicators suggest that sellers are gaining the upper hand.
XRP loses momentum as ETF inflows stall

XRP loses momentum as ETF inflows stall

Ripple (XRP) shows signs of weakness as it slides below $1.50 on Thursday. The correction from September highs of $1.66 aligns with recent struggles faced by major assets Bitcoin (BTC) and Ethereum (ETH). BTC currently trades above $83,000 while its upside is capped below $85,000. As for ETH, the smart contract token hovers between a narrow $2,600-$2,700 range.
Bitcoin beats September's curse: Is there enough demand for October?

Bitcoin beats September's curse: Is there enough demand for October?

Bitcoin (BTC) closed September with a 6.33% gain, breaking away from a month that has averaged losses since 2013. The buying that carried the rally, however, has thinned as October begins. Spot Bitcoin exchange-traded funds (ETFs) ended a 9-day inflow streak on Wednesday, while long-term holders stepped up their selling. Meanwhile, a large wall of sell orders sits just above the current price.
Ethereum Price Forecast: ETH ranges as Citi raises target to $3,028

Ethereum Price Forecast: ETH ranges as Citi raises target to $3,028

Ethereum (ETH) is trading above $2,600 on Thursday, while short-term supply caps upside at $2,700 ahead of a higher limit at $2,800. The smart contracts token mirrors broader crypto price action, with Bitcoin (BTC) struggling to regain momentum above $83,000. A breakout above the upper limit at $2,800 would encourage more traders to take on more risk, alleviating buyer exhaustion.
Bitcoin: BTC consolidates gains as ETF inflows hit highest level since October 2025

Bitcoin: BTC consolidates gains as ETF inflows hit highest level since October 2025

Bitcoin (BTC) price holds above $84,000 at the time of writing on Friday as it consolidates gains of over 4% so far this week. Institutional demand supports the bullish outlook, with spot Exchange Traded Funds (ETFs) recording a net inflow of $2.25 billion through Thursday, pointing to the highest weekly inflow since October 2025.