The post Cardano Consolidates Below Key Moving Averages as ADA Tests Critical Support Zone appeared on BitcoinEthereumNews.com.

Joerg Hiller
Oct 10, 2025 04:51

ADA trades at $0.82 down 0.97% in 24 hours, hovering above the psychological $0.75 support level while facing resistance from the 20-day moving average at $0.83.

Market Overview Cardano (ADA) is trading at $0.82, down 0.97% over the past 24 hours, reflecting broader market consolidation patterns. The token remains trapped between key technical levels, with the $0.75 support zone providing a floor while the 20-day moving average at $0.83 acts as immediate resistance. Trading volume of $96.5 million indicates moderate participation as market participants await directional clarity. Technical Picture The technical setup reveals a neutral positioning with ADA price sitting below both short-term and medium-term moving averages. The 20-day simple moving average at $0.83 represents immediate overhead resistance, sitting 1.2% above current levels, while the 50-day SMA at $0.85 provides secondary resistance 4.0% higher. However, ADA maintains its position above the critical 200-day moving average at $0.74, suggesting the longer-term uptrend remains intact with a 9.8% buffer. The Relative Strength Index (RSI) at 45.9 signals neutral momentum, neither oversold nor overbought, indicating potential for movement in either direction. The MACD indicator displays bearish characteristics with a negative histogram of -0.0006, suggesting short-term downward pressure may persist. Critical Levels to Watch Immediate Support: $0.75 – This psychological level has provided multiple bounces and represents the first line of defense for bulls. A break below could trigger further selling pressure toward the 200-day moving average. Primary Resistance: $0.83 (20-day SMA) – Breaking above this level would signal a potential shift in short-term momentum and open the path toward the 50-day moving average. Secondary Resistance: $0.90 – This level represents a significant technical barrier that has capped previous rallies. A decisive break above would indicate renewed bullish momentum. Major…

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Filed under: News - @ October 11, 2025 1:22 pm