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Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
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Categories:

Hot right now:

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Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Cardano Price Prediction: ADA Set To Crash To $0.4 After Correction To Liquidity Zone

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Cardano (ADA) has found itself once again caught in a downward current as bearish sentiment grips the broader crypto market. The ADA/USDT pair on Binance is now painting a structure that many crypto analysts interpret as a warning sign of deeper losses ahead. According to a recent technical analysis on the TradingView platform, Cardano may be heading toward the $0.40 region after briefly correcting to an important liquidity zone.

Bearish Market Structure And Liquidity Retest For Cardano

Technical analyst RLinda noted that Cardano is currently under intense bearish pressure, describing it as being in a defined bear market. The analysis was made on the TradingView platform based on ADA/USDT price action on the 4-hour candlestick timeframe since early March.

Notably, the chart shows that ADA traded within a period of sideways consolidation between March 11 and May 6, only to eventually initiate a pullback in what appears to be a classic liquidity retest move. This corrective move has now brought into focus the previously broken support zone around $0.63, which is now acting as resistance.

Cardano

RLinda highlights that this resistance level, combined with the 0.5 Fibonacci retracement zone, marks the upper boundary of what is now considered a selling zone. A retest of this support is, however, very possible, and the reaction here will determine if Cardano breaks down further.

Breakdown Below $0.581 Could Open The Floodgates For ADA

Cardano’s price structure within the 4-hour candlestick chart shows lower highs and increasingly weaker bounces since March 26, reinforcing the bearish outlook. Interestingly, RLinda’s chart outlines a key trigger level at $0.581. A further breakdown is expected should ADA fail to hold the $0.581 support level, which has already served as a confluence area multiple times this cycle. 

The next key support lies at $0.5092, but this level is not expected to provide significant strength. If this zone is breached, the analyst warns of a potential plunge into what she terms a “zone of emptiness,” where buying pressure might become non-existent.

This emptiness of demand could send ADA plummeting further toward $0.4564, with an additional downside targeting $0.42 and potentially even $0.40. The analyst marks this area as the final destination for the current bearish phase unless broader market sentiment shifts dramatically. 

Speaking of broader market sentiment, the crypto market was recently rocked by a surge in volatility triggered by conflicting reports about a supposed 90-day U.S. tariff suspension, but the White House quickly denied the rumour. The back-and-forth was enough to push the Bitcoin price down to $74,620 again by 9:30 EDT. Cardano’s price also dropped to $0.54 during the same time window.

While ADA has since managed a mild recovery to the $0.5751 range, the bounce lacks conviction. The thin volume and absence of aggressive buying suggest the relief may be temporary and there are possibilities of more downside moves.

Cardano

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