Cardano (ADA) Drops 8.6% as Bears Test $0.79 Support Level
The post Cardano (ADA) Drops 8.6% as Bears Test $0.79 Support Level appeared on BitcoinEthereumNews.com.
Joerg Hiller Sep 22, 2025 07:02 ADA price falls to $0.82 amid bearish momentum, with technical indicators suggesting further downside risk as Cardano approaches critical support levels. Quick Take • ADA currently trading at $0.82 (-8.60% in 24h) • Cardano’s RSI at 42.25 signals neutral territory but momentum remains bearish • No significant news catalysts driving current price action What’s Driving Cardano Price Today? The ADA price decline appears to be driven primarily by broader market sentiment rather than Cardano-specific developments. With no significant news events reported in the past week, the current sell-off reflects technical selling pressure and profit-taking from higher levels. The absence of fresh catalysts has left Cardano vulnerable to momentum-driven selling, particularly as traders react to the breach of key technical levels. This vacuum of fundamental drivers has amplified the impact of technical factors, creating a feedback loop where selling begets more selling. ADA Technical Analysis: Bearish Signals Emerge Cardano technical analysis reveals mounting bearish pressure across multiple timeframes. The ADA RSI reading of 42.25 indicates the cryptocurrency has moved from overbought territory into neutral ground, but the trajectory suggests continued weakness ahead. The MACD histogram shows a bearish divergence at -0.0050, with Cardano’s MACD line sitting below its signal line. This configuration typically signals strengthening downward momentum and suggests the current sell-off may have further to run. Cardano’s position within the Bollinger Bands provides additional insight into the current price action. With ADA trading near the lower band at a %B position of 0.1505, the cryptocurrency is approaching oversold territory. However, this doesn’t guarantee an immediate bounce, as strong downtrends can see prices “walk the lower band” for extended periods. The moving average structure remains supportive of the longer-term bullish thesis, with ADA price still trading above…
