The price of Cardano (ADA) dropped 16% over the past seven days, falling from a high of $0.65, bottoming at $0.52 before clawing back to its current price of $0.54.
At the heart of the downturn is a lingering “death cross” pattern—a bearish signal that occurs when a short-term moving average remains consistently below a longer-term one. In ADA’s case, the 9-day moving average has stayed beneath the 21-day indicator, emphasising a lack of upward momentum.
For sentiment to flip bullish, Cardano would need to convincingly break above the $0.62 resistance level and maintain that threshold.
Despite the pullback, trading volume tells a different story. Trading in ADA is surging right now, spiking 12% over the last 24 hours to reach approximately $993 million. This surge may offer a temporary buffer for prices and could hint at growing interest from traders looking to buy the dip.
Investor sentiment, while mixed, leans optimistic. A recent poll conducted by TheBlockchainMedia found that 56% of participants expect Cardano to rebound, outpacing confidence in rival tokens such as XRP, which secured just 26% of the vote.
Fundamentally, the Cardano network continues to show signs of robust growth. It recently surpassed 110 million total transactions—suggesting sustained user activity and adoption. Though the asset is currently wrestling with technical resistance, these on-chain metrics indicate underlying strength.
As volatility remains high and technical patterns skew bearish amidst rising global tensions, market watchers are keeping a close eye on ADA for any signs of a turnaround.
The appearance of a bullish flag across the asset’s support and resistance lines from November through to April hints at the possibility of a bullish turnaround, but rising global tensions and a lack of a regulatory framework for crypto in the US keeps momentum slow, for now.
As the Price of Cardano Struggles – Snorter Offers a Better Strategy
When it comes to large altcoins like Cardano, timing is everything. With the token trading at about 83% below its all-time high of $3.09, set in 2021, now looks like an opportune moment to take a position in $ADA.
However, what if there was a crypto application that lets you identify the next biggest digital assets while they’re still in their early days.
Enter the new meme coin Snorter ($SNORT). Snorter is a purpose-built trading bot, engineered to spot early momentum and help investors get in before the crowd.
Coming in the form of a Telegram-native, aardvark on Solana (and soon multi-chain), Snorter delivers the speed, intelligence, and edge needed to thrive in the meme coin jungle—remaining always at your side in a chat window. It also has the lowest trading fees in the industry at just 0.85%, beating Trojan, BonkBot, Maestro and the rest.
While trading bots are not a new concept, Snorter has a plethora of features to enable users to get an edge: sniping with limit orders, MEV-resistant token swaps, copy trading, and even rug-pull protection.
It’s off to a strong start—Snorter has already raised over $1.2 million in its initial presale weeks, likely driven by its high 277% APY on staking to rewards early investors.
You can keep up with Snorter on X, Instagram, or join the presale on the Snorter website.
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