NewsBTC
Dec 16, 2025
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ADA Price Drops 5.57%, Approaching Long-Term Support Level

Cardano's ADA token has returned to a long-term support zone after recent declines, trading near $0.38–$0.39, down 5.57% in the past 24 hours.

Cardano ADA ADAUSD

Derivatives and Positioning

  • Futures open interest in ADA decreased by 11% to approximately $670 million, indicating position closures.
  • Funding rates have softened, with over 55% of positions skewed to the short side.
  • This reflects reduced confidence in a near-term rebound.
  • Altcoins are under pressure due to risk-off sentiment amid upcoming U.S. economic data releases and AI sector concerns.

Technical Structure

  • ADA lost the $0.53 horizontal support, confirming a bearish shift.
  • RSI is below 50, MACD remains negative, indicating corrective price action.
  • A breakdown from long-term diagonal support could lead to further declines.

Long-Term vs. Short-Term Outlook

  • Some analysts see potential for a bullish breakout similar to 2020 if market conditions stabilize.
  • Upside targets range from $5 to above $10.
  • Current focus remains on whether ADA can hold its critical support level.