NewsBTC
20 August 2025
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Cardano Price Faces Bearish Correction Below $0.90 Support

Cardano (ADA) is undergoing a downside correction after reaching $1.020, with potential declines towards $0.80.

  • ADA has fallen below the $0.920 support zone and is currently trading under $0.90.
  • A bearish trend line shows resistance at $0.940 on the hourly chart.
  • Further losses may occur if ADA trades below $0.80.

Market Overview

Following an increase, Cardano faced selling pressure above $1.00, causing a decline similar to Bitcoin and Ethereum. The price fell below key support levels of $0.950 and $0.920.

Technically, ADA has moved under the 50% Fibonacci retracement level from a low of $0.7650 to a high of $1.020. Current trading is below the 100-hourly simple moving average.

Cardano Price

Resistance and Support Levels

  • Initial resistance near $0.8920 and key resistance at $0.940.
  • If resistance at $0.940 holds, support levels are at $0.840 and $0.8250.
  • A break below $0.8250 could lead to testing $0.80, with further support at $0.780.

Technical Indicators

  • Hourly MACD indicates increasing bearish momentum.
  • RSI for ADA/USD is below the 50 level.