Fun

Cardano Market Structure Says Crash Is Coming, But $0.9 Is Still In The Cards

News Feed - 2025-05-18 02:05:55

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español.


Cardano (ADA) is flashing mixed signals as its market structure hints at an imminent short-term price crash. While bearish indicators suggest a possible decline, a crypto analyst revealsthat the broader trend remains intact, with technical patterns supporting the potential for a rally toward the $0.9 mark. Cardano Price Crash Incoming


TradingView Crypto analyst SiDec has released a bearish price forecast for Cardano, anticipating a significant correction toward the $0.75 area in the coming days. This cautious outlook is based on detailed analysis using Elliott Wave Theory, Fibonacci tools, and critical price action zones.  Related Reading Cardano Market Structure Says Crash Is Coming, But $0.9 Is Still In The Cards 6 hours ago


SiDec has stated that ADA’s price continues to consolidateafter completing a 5-wave impulse move, signaling the end of its upward momentum. Following this strong impulse rally, the cryptocurrency is now exhibiting a classic Elliott Wave behavior, transitioning into a textbook ABC corrective pattern. 


The cryptocurrency first experienced a pull-back, labeled as Wave A on the price chart, followed by a temporary recovery in Wave B. According to SiDec, Wave C is expected to complete the retracement pattern, with ADA’s final downward move nearing its end. 


Currently, technical indicators and price action point to the $0.705 region as a high-probability long entry zone. The TradingView analyst also clarifies where ADA might find solid support during this corrective phase using Fibonacci Retracement zones. Source: SiDec on Tradingview


The 50% retracement level of the entire bullish 5-wave impulse is positioned approximately at $0.7534 — a critical price point that coincides closely with ADA’s previous price swing at $0.746. This former resistance level has yet to be revisited, making it a natural support candidate. 


The analysis further identifies a 1:1 ABC extension for the anticipated correction in ADA, placing Wave C’s potential crash targetaround $0.7492. This also creates a tight cluster of technical indicators in the range of roughly $0.75, indicating a strong support zone. 


Further supporting this level, the daily 21 Exponential Moving Average (EMA)stands at $0.7455, while the daily 21 Simple Moving Average (SMA)is slightly lower at $0.7347. SiDec has also identified the Point of Control (POC), which marks the price with the highest volume, near $0.7318. 


The analyst further highlights that Cardano’s anchored Volume Weighted Average Price (VWAP)resides within the $0.75 support zone. At the same time, the Pitchfork tool’s golden pocket aligns dynamically as support around the same area.  ADA Price Path To $0.92 Holds Firm


While SiDec eyes a potential crash to new lows for ADA in the near term, the analyst’s chart also shows a green zone, with a projected bullish bounce drawn. Following its Wave C crash, Cardano is expected to reboundand approach the $0.92 level.  Related Reading Cardano Price Set For 300% Explosion With Major Bullish Impulse 3 weeks ago


The TradingView analyst has advised caution around this area, as $0.92 acts as a significant resistance zone and coincides with a prior liquidity zone that could trigger rejection or profit-taking. 


SiDec has emphasized that the risk-to-reward ratio around this area will only become favorable once there is clear confirmation, such as an SFP, a bearish engulfing candle, or visible divergence. Overall, if the $0.75 support zone holds, Cardano, which is currently trading at $0.78, could be positioned for a strong recovery toward $0.92 and beyond. ADA trading at $0.77 on the 1D chart | Source: ADAUSDT on Tradingview.com Featured image from Unsplash, chart from Tradingview.com

News Feed

Uniswap (UNI) hits 2-year high as fee share proposal deadline approaches
Nancy Lubale4 hours agoUniswap (UNI) hits 2-year high as fee share proposal deadline approachesDEX users’ support of a fee share proposal for Uniswap appears to be backing UNI’s rally to a two-year price high.406 Tot
CoinFLEX Announces Its Major Milestones of 2021
CoinFLEX Announces Its Major Milestones of 2021 press release PRESS RELEASE. Since early August, CoinFLEX has seen a tremendous increase in trading activity, climbing to a staggerin
Brayden Lindrea4 hours agoBNB Beacon Chain to add ‘panic’ feature that can ‘halt’ blockchainBNB Beacon Chain mainnet is set to undergo the “ZhangHeng” hard fork around July 19, which will bring new upgrades a
From Single Key to Sophisticated Computation: The Evolution of Crypto Exchange Custody
From Single Key to Sophisticated Computation: The Evolution of Crypto Exchange Custody When the first cryptocurrency exchanges sprung up in late 2010, multisig wallets had yet to
On-Chain Data Tips Bitcoin To Peak At $120,000 – But On This Condition
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Helen Partz11 hours agoHut 8 boosts self-mined Bitcoin reserves to 9.4K amid USBTC mergerAccording to Hut 8 CEO Jaime Leverton, the newly merged mining business will have “highly diversified fiat revenue streams.”349
Digifinex Live AMA Hosts Bitcoin.com Chairman – Roger Ver Talks Stimulus, Useful Cryptocurrencies, Coronavirus
Digifinex Live AMA Hosts Bitcoin.com Chairman - Roger Ver Talks Stimulus, Useful Cryptocurrencies, CoronavirusOn May 14, Bitcoin.com Executive Chairman Roger Ver sat down with Digif
Security Focused DeFi Project EverRise Now Live on 3 Blockchains, Staking Introduced
Security Focused DeFi Project EverRise Now Live on 3 Blockchains, Staking Introduced sponsored Originally launched on June 15th, 2021, EverRise is a blockchain technology company th
Spot Ether ETFs will come down to a 5-person vote: Gensler the decider?
Brayden Lindrea4 hours agoSpot Ether ETFs will come down to a 5-person vote: Gensler the decider?It was speculated that Gensler’s vote secured the launch of spot Bitcoin ETFs in January — and the same five commission
Blockstack’s STX Token Now Traded on Binance and HashKey Pro
Blockstack’s Stacks (STX) token can now be traded on the Binance and HashKey Pro exchanges, the company said Wednesday. The advance is set to expand investors’ access
Standing Together Against Disasters: CoinEx Charity Passes on the Spirit of Charity
Standing Together Against Disasters: CoinEx Charity Passes on the Spirit of Charity press release PRESS RELEASE. Every year, natural disasters like earthquakes, hurricanes, and floo
Total Value Locked in Defi Surpasses $200 Billion — Fantom, Avalanche, Harmony, Arbitrum TVLs Swell
Total Value Locked in Defi Surpasses $200 Billion — Fantom, Avalanche, Harmony, Arbitrum TVLs Swell Decentralized finance (defi) has swelled quite a bit this year and on October