Aug 08, 2025 at 11:20 // Price
The price of Cardano (ADA) has recovered above the low of $0.68 and the 50-day SMA support.
ADA price long-term forecast: bearish
The altcoin is currently trading above the 50-day SMA support but below the 21-day SMA barrier. ADA price is rising after hitting a low of $0.68 but has paused at $0.75. In other words, the altcoin price has levelled off in the middle of the price range. If the cryptocurrency rises to the upside and breaks the $0.75 high and the 21-day SMA barrier, the ADA price will return to the previous high of $0.93.
However, if the altcoin falls further and breaks below the 50-day SMA support, it will return to its low of $0.51. Cardano is currently trading at $0.74.
ADA indicator analysis
The ADA price is rising while remaining trapped between the moving average lines. The sideways trend means that the moving average lines are horizontal.
However, the moving average lines are moving downwards, which indicates a current decline. As soon as the moving average lines are broken, Cardano will develop a new trend.
Technical Indicators
Key Resistance Zones: $1.20, $1.30, and $1.40
Key Support Zones: $0.90, $0.80, and $0.70
What is the next step for ADA?
Cardano is trading sideways below the $0.75 level on the 4-hour chart. However, if the ADA price breaks above the moving average lines and the resistance level at $0.75, it will resume its uptrend. Currently, the price action has been halted below the $0.75 high.
On August 2, ADA fallen from a high of $0.93 to a low of $0.72, as Coinidol.com wrote.
Disclaimer. This analysis and forecast are the personal opinions of the author. They are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.
