ADA Price Tanks as Bearish Pressure Builds: How Low Can Cardano Go?

Cardano (ADA) is flashing multiple warning signs right now, and the chart tells a story that’s hard to ignore. From the price structure to momentum indicators, the setup is clearly tilted toward more downside. If buyers don’t step in soon, ADA price could face even deeper losses.

At the moment, the ADA price is stuck inside a descending channel. This kind of structure typically signals a continuation of a downtrend, and ADA has been respecting it perfectly. Each time the price tries to move higher, it gets rejected and falls right back inside the channel. The latest bounce attempt was no different, ADA got rejected mid-channel and is now dropping again.

Cardano Price Falling Within a Descending Channel

Right now, the Cardano price is hovering around $0.63, just above a key support zone near $0.548. If that support breaks, the sell-off could get even more intense. We could be looking at a drop toward $0.45 or possibly even $0.40 if the momentum keeps fading. That would mean a serious hit to ADA holders who were hoping for a reversal.

Momentum Indicators Still Bearish

The MACD indicator is not giving any hope at the moment. It shows a bearish crossover, with the MACD line falling under the signal line. The histogram has flipped back to red, signaling that downward momentum is increasing. This tells us that sellers still have control, and there’s no clear sign of a shift yet.

ADA MACD and RSI Readings

The RSI isn’t helping the bulls either. It’s currently around 37, which is close to oversold territory but not quite there. This means there’s still room for more selling before a relief bounce might happen. Since early June, the RSI has been forming lower highs and lower lows, following the same pattern as the price.

Whale Activity Raises More Red Flags

To make things worse, whale activity is adding more pressure to the downside. On X (formerly Twitter), popular analyst Ali (@ali_charts) revealed that large holders have sold over 270 million ADA in just the past week. That kind of sell-off from whales is a big deal. It usually signals that smart money is reducing exposure, which can drag the Cardano price down even further.

When big players start exiting, retail investors often follow. If this selling continues, it could accelerate the breakdown below the $0.548 support zone. That would likely turn the current bearish structure into a much steeper decline.

Read Also: Hedera (HBAR) Price Dipping — But the Worst May Still Be Ahead

Cardano is clearly in a rough spot. The chart structure is weak, momentum indicators are negative, and now whale behavior is pointing to more downside risk. Unless there’s a strong bullish catalyst or buyers step in at current levels, the ADA price looks more likely to fall than rise. And if the key support breaks, we could see ADA testing new lows very soon.

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Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.

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