BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

Cardano $ADA Holders on Edge Amid Market Sell-Off: Will Bulls Defend This Critical Support Level? Here is What You Need to Know

by Matoy
March 9, 2025
in Crypto, DeFi, Finance, Opinion
A A
Cardano $ADA Holders on Edge Amid Market Sell-Off: Will Bulls Defend This Critical Support Level? Here is What You Need to Know
15
SHARES
Share on TwitterShare on Reddit
  • Cardano struggles after a sharp correction, with key support levels now being tested.
  • Fibonacci retracement suggests a potential bounce, but resistance remains strong overhead.
  • Indicators show increased volatility, making ADA’s next move uncertain.

Cardano’s price action has taken a hit after its recent rally, with bears forcing a pullback. The TradingView chart shows a steep decline following ADA’s push above $1.10, signaling that traders took profits at higher levels. Now, the price is testing a crucial support zone between $0.70 and $0.75, an area that previously acted as a strong reversal point.

If ADA fails to hold this level, it could lead to an extended downside move, potentially targeting the $0.65 range. However, if buyers step in, we might see a short-term recovery attempt. The market remains on edge as traders wait for confirmation on whether this is just a correction or the start of a larger downtrend.

Cardano Faces a Critical Retest

Looking at Fibonacci retracement levels, ADA is hovering around the 61.8% retracement zone of its previous rally. This area is often seen as a key support level, where buyers tend to step in and prevent further declines. If this level holds, a potential bounce toward $0.85-$0.90 could be in play.

However, ADA faces multiple resistance levels on the way back up. The first major hurdle is near $0.88, where the price previously struggled. A clear breakout above this point would signal renewed bullish momentum, but until that happens, the risk of further downside remains.

$ADA is bound to go parabolic after Trump mentioned it recently! pic.twitter.com/ii9IZgxdYN

— Coinvo (@ByCoinvo) March 5, 2025

Indicators Show Volatility Ahead

ADA’s Bollinger Bands are widening, indicating that volatility is picking up. The price has been testing the lower band, suggesting oversold conditions, but there hasn’t been a strong bounce yet. If bulls regain control, we could see a quick price rebound.

However, if selling pressure persists, ADA may experience another leg down before finding solid ground. The next few trading sessions will be crucial in determining whether Cardano can stabilize or if more downside is ahead.

TradingView

Cardano was founded by Charles Hoskinson, one of Ethereum’s co-founders, and has built a reputation for its research-driven approach. Unlike many blockchains, ADA focuses on peer-reviewed development, making it one of the most technically advanced projects in the crypto space.

For now, ADA traders should keep an eye on whether the current support zone holds. If it does, a relief rally could be on the horizon. But if it breaks, the next downside target could come sooner than expected.

Tags: ADACardano
Tweet4ShareShare6

DON'T MISS THESE! HOT OFF THE PRESS

HBAR Price Rebounds, Hits Highest Point Since March
Crypto

HBAR Price Rebounds, Hits Highest Point Since March

May 10, 2025
Memecoins Steal the Spotlight as Ethereum Surges: PEPE and BONK Lead the Charge (Still Early?)
Crypto

Memecoins Steal the Spotlight as Ethereum Surges: PEPE and BONK Lead the Charge (Still Early?)

May 10, 2025
Sui (SUI) Gains 10% Amid Market Optimism — But Is a Selloff Looming?
Crypto

Sui (SUI) Gains 10% Amid Market Optimism — But Is a Selloff Looming?

May 10, 2025
TRON’s USDT Dominance Grows as Whales Tighten Grip
Crypto

TRON’s USDT Dominance Grows as Whales Tighten Grip

May 10, 2025
Cardano ADA Just Broke a KEY Resistance Level: Here is the Next Price Target You Need to Watch
Cardano

Cardano ADA Just Broke a KEY Resistance Level: Here is the Next Price Target You Need to Watch

May 10, 2025
Whale Alert! $153 Million in Dogecoin Moves as DOGE Explodes 14%
Crypto

Whale Alert! $153 Million in Dogecoin Moves as DOGE Explodes 14%

May 10, 2025
Load More

Related News

HBAR Price Rebounds, Hits Highest Point Since March

HBAR Price Rebounds, Hits Highest Point Since March

May 10, 2025
Memecoins Steal the Spotlight as Ethereum Surges: PEPE and BONK Lead the Charge (Still Early?)

Memecoins Steal the Spotlight as Ethereum Surges: PEPE and BONK Lead the Charge (Still Early?)

May 10, 2025
Sui (SUI) Gains 10% Amid Market Optimism — But Is a Selloff Looming?

Sui (SUI) Gains 10% Amid Market Optimism — But Is a Selloff Looming?

May 10, 2025
TRON’s USDT Dominance Grows as Whales Tighten Grip

TRON’s USDT Dominance Grows as Whales Tighten Grip

May 10, 2025
Cardano ADA Just Broke a KEY Resistance Level: Here is the Next Price Target You Need to Watch

Cardano ADA Just Broke a KEY Resistance Level: Here is the Next Price Target You Need to Watch

May 10, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Newsletter
  • Advertise
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano China Coinbase crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin Meme Coin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology twitter US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.