- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Cardano on the Brink? ADA Could Crash to $0.54 Unless This Breakout Happens
By: crypto mode|2025/05/06 23:45:01
0
Share
Cardano’s ADA is under pressure, having lost nearly 50% of its value from a peak late last year, and one analyst thinks the worst may not be over. After peaking near $1.30 in December 2024, the token has shed nearly half its value, now trading around $0.65, according to CoinGecko data. The decline hasn’t been a straight drop, but a series of lower highs and failed breakouts. Technical analyst Ali Martinez believes that the pattern could lead to further losses. #Cardano $ADA was rejected at the top of its descending channel, potentially setting up a move toward $0.63, or even $0.54 if pressure persists. pic.twitter.com/esZYWPpZbM — Ali (@ali_charts) May 6, 2025 In a post on X, Martinez pointed to ADA’s repeated inability to escape a descending channel that has constrained its price for more than six months. In late April, ADA again bounced off the upper edge of that range and turned lower. Unless it breaks out, he warns the token could fall to $0.63—or as low as $0.54 if selling pressure intensifies. The bearish case hinges on price action, not fundamentals, given that Cardano’s development team continues to push upgrades, and its community remains active. On the ETF front, the odds are rising. As CryptoMode reported, analysts are assigning a 75% chance that the Securities and Exchange Commission (SEC) approves an ADA spot ETF later this year. Similarly, we’re seeing a lot more altcoin-based ETFs, including for popular currencies like Binance Coin (BNB) , Sui Network (SUI) , and of course, Ripple’s XRP . ADA Whales Accumulate Still, some signs suggest the pullback might be near its limit. Recently, the analyst also highlighted a bullish pattern for Cardano, and if the asset manages to break above the $0.74 resistance zone, it could go above the $0.88 level and above. Retail traders also closely follow the coin’s RSI, which has climbed above 58, suggesting underlying strength. However, traders should remain cautious, as anything can happen in the crypto world. Others remain bullish, with Cardano’s founder recently predicting the price of ADA will reach $10. Read more: Crypto Market Plunges 3% While Bitcoin Fails to Reclaim $100K READ ALSO Crypto Market Plunges 3% While Bitcoin Fails to Reclaim $100K Kaspa Just Got a Massive Upgrade — Here’s Why Price Could Explode Disclaimer This article is provided for information only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
You may also like
WLFI at it Again? Banking License Controversy Amid $500M Investment
The UAE's investment in World Liberty Financial has heightened concerns over whether it received special treatment and whether national security issues are involved
The Aave civil war escalates, Morpho quietly doubles: Is the lending throne about to change hands?
Wall Street asset management giant Apollo Global Management invested $160 million in Morpho.
Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market
In the dataset, transfers are no longer simply labeled as pure "transaction volume," but are classified as different on-chain activities. This is the difference between "just knowing that $100 trillion has been transferred" and "understanding why it was transferred."
Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"
Every trend here is affecting everyone's future survival.
Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious
In Silicon Valley, Altman's sub-12-hour move has a name. It's not called backstabbing, it's called timing.
The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday
The most important industry in the crypto world, only 300 kilometers away from the missile's impact point
Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?
The interest of the younger generation is shifting from cryptocurrency to the field of artificial intelligence, which coincides with the current phenomenon in the cryptocurrency industry.
The little deer live by the water and grass
Mining companies have never been the most devout believers in Bitcoin. Under the pressures of halving compressing profits, financial reports showing revenue growth without profit increase, and coin prices falling below mining costs, the industry is collectively de-risking.
The world belongs to Chinese people who speak English
The world is vast, and only playing half of it is truly a loss.
Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth
Bitcoin is digital capital, and I will spend a thousand hours explaining it to you. Eventually, you will understand, but you will still have to endure a 45% crash.
Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot
This is a key step in Virtuals expanding the Agent Economy into the Embodied AI and Robotics field.
Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply
The Truth about Stablecoin Circulation Speed, Concentration, and Structure After Doubling the Supply
Paradigm's New Arithmetic: When Crypto Can't Hold 12.7 Billion, AI Becomes the Answer
It took Paradigm three years to emerge from the ruins of FTX.
Wintermute Founder: In the Lost Cryptocurrency Market, What Can We Still Do?
This is more like a manifesto, discussing "the very reason we are here."
$1.3 Billion Debt: BitDeer Faces Tough Battle
Wu Jihan is waiting for AI's money to catch up with the speed of debt.
Anthropic's IPO Gamble: At the Most Unlikely Moment, It Chose to Say No
In the AI Era, what is the most valuable thing?
Paradigm's Math Problem: $12.7 Billion, Too Big for a Single Crypto Fund
Emerging from the ruins of FTX, Paradigm took three years
Ethereum Unveils Scaling Roadmap, What's Different This Time?
Short-term improvements to execution efficiency through the Gas mechanism optimization and block validation parallelization, and long-term scalability through ZK-EVM and blobs data architecture.
WLFI at it Again? Banking License Controversy Amid $500M Investment
The UAE's investment in World Liberty Financial has heightened concerns over whether it received special treatment and whether national security issues are involved
The Aave civil war escalates, Morpho quietly doubles: Is the lending throne about to change hands?
Wall Street asset management giant Apollo Global Management invested $160 million in Morpho.
Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market
In the dataset, transfers are no longer simply labeled as pure "transaction volume," but are classified as different on-chain activities. This is the difference between "just knowing that $100 trillion has been transferred" and "understanding why it was transferred."
Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"
Every trend here is affecting everyone's future survival.
Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious
In Silicon Valley, Altman's sub-12-hour move has a name. It's not called backstabbing, it's called timing.
The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday
The most important industry in the crypto world, only 300 kilometers away from the missile's impact point
App