ADA price at a make-or-break level after 7.7% Drop, What’s Next?
The post ADA price at a make-or-break level after 7.7% Drop, What’s Next? appeared on BitcoinEthereumNews.com.
Cardano [ADA] has been on a steady decline, and concerns are mounting as the token nears a critical make‑or‑break level at $0.318. At the time of writing, ADA declined by 7.70% over the past 24 hours and was trading at $0.3251. Despite the price decline, market participation during the same period increased significantly, with trading volume surging 72% to $831 million. This spike indicates that traders and investors remain actively engaged with ADA’s current market trend. ADA’s price action and key levels AMBCrypto’s technical analysis reveals that ADA’s current level of $0.3251 represents a make-or-break zone. According to the weekly chart, the asset has been holding this level since November 2023, and since then, ADA’s price has witnessed a strong reversal more than five times. Source: TradingView Meanwhile, price action and historical performance suggest that if ADA sustains its key level and holds above $0.315, it could witness a price reversal similar to past moves. However, if the asset falls below this key support and closes a daily candle under the $0.315 level, it could face another 25% price drop and potentially decline toward the $0.2329 level in the future. Source: TradingView At press time, the Average Directional Index (ADX), which measures trend strength, stood at 27.05, above the key threshold of 25, indicating that ADA is currently in a strong trend. However, the Money Flow Index (MFI) was at 32.17, suggesting weakening buying pressure and indicating that the asset is approaching oversold territory, which could increase the chances of a short-term bounce if demand picks up. On-chain suggests an ideal buying opportunity for ADA Despite bearish sentiment and ADA’s ongoing price decline, buyers have shown aggressive activity in the market. Data from the on‑chain analytics platform CryptoQuant reveals that Spot Taker CVD has stayed positive for several days. This…
Filed under: News - @ January 31, 2026 6:19 am