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Cardano (ADA) Price Analysis: Downside Risks and Critical Levels to Watch

Summary by Times Tabloid
Market Structure: Bearish Consolidation The Cardano (ADA) 4-hour chart shows a sideways channel with a bearish bias. Price is oscillating between resistance at $0.665–$0.670 and support at $0.640–$0.645, with lower highs signaling weakening bullish momentum. This suggests potential distribution and a further bearish move. Despite an attempt to break resistance, the price was rejected and now sits at $0.6557, below the 50-period DEMA. This failur…
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Times Tabloid broke the news in on Saturday, April 5, 2025.
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