|

Does Cardano (ADA) look stronger than the other altcoins?

Bears have seized the initiative on the market as buyers have failed to keep the growth after yesterday's rally.

Chart

Top coins by CoinMarketCap

ADA/USD

Cardano (ADA) is more of a loser than Bitcoin (BTC) as its rate has declined by almost 4% over the last 24 hours.

ADAUSD

ADA/USD chart by Trading View

The short-term decline is about to finish soon as the altcoin is coming closer to the local support at $1.7235 where buyers can show their power. The following scenario is relevant until the end of today.

ADA

ADA/USD chart by Trading View

On the 4H chart, the decline may be even deeper, to the level of $1.70. However, there is little chance that sellers can break it as the trading volume is going down. In this case, the bounceback to the zone of the most liquidity around $1.80 is the more likely scenario for the upcoming days.

ADAUSD

ADA/USD chart by Trading View

Until Cardano (ADA) remains trading above $1.70, the scenario is bullish. At the moment, buyers need to get more energy after sharp growth.

In this case, consolidation in the narrow range between $1.70 and $1.80 can occur by the end of the current week.

Cardano is trading at $1.7424 at press time.


Read full original article on U.Today

Author

Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis.

More from Denys Serhiichuk
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

Dogecoin ticks lower as low Open Interest, funding rate weigh on buyers

Dogecoin extends its decline as risk-off sentiment dominates across the crypto market. DOGE’s derivatives market remains weak amid suppressed futures Open Interest and perpetual funding rate.

Crypto Today: Bitcoin, Ethereum, XRP decline as risk-off sentiment escalates

Bitcoin remains under pressure, trading above the $87,000 support at the time of writing on Tuesday. Selling pressure has continued to weigh on the broader cryptocurrency market since Monday, triggering declines across altcoins, including Ethereum and Ripple.

Chainlink risks further losses in early 2026 despite the ecosystem growth

Chainlink (LINK) is down 2% at press time on Tuesday, adding to a nearly 5% decline in December so far. The oracle token risks a negative close for the fourth straight month, potentially signaling a bearish start to 2026. 

Bitcoin retreats as $90,000 rejection, ETF outflows weigh on sentiment

Bitcoin continues to trade lower on Tuesday after failing to break the key $90,000 resistance level the previous day. US-listed spot ETFs record an outflow of $142.90 on Monday, while Strategy Inc. boosts its cash reserves to $2.19 billion.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.