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17/11/25 08:49 UTC-04

Cardano Price Breaks 4-Year Support and May Fall Even Further

Cryptocurrency Cryptocurrency
Cryptocurrency Cardano Price Breaks 4-Year Support and May Fall Even Further

The price of Cardano (ADA) has broken an important four-year support level, raising concerns about a drop to new lows. According to the weekly ADA/USD chart on TradingView, ADA closed below $0.5417 — a technical minimum that had held since November 2024.

Crypto analyst Ali Martinez believes that this technical breakdown may create conditions for a “big move.” He did not specify the direction, but the community interpreted his message as a bearish signal of an upcoming crash.

Cardano has been under downward pressure since December 2024, when the price hit $1.326 during a rally that lasted about five weeks. The surge was supported by Donald Trump’s inclusion of ADA in the list of coins proposed for the U.S. Strategic Crypto Reserve.

The 2024 rally was also supported by network upgrades and comments from founder Charles Hoskinson about the future of U.S. crypto policy. These developments partially strengthened investor confidence and formed high expectations for ADA’s performance in 2025.

Contrary to those expectations, ADA’s price has steadily declined throughout this year. According to TradingView, the cryptocurrency has lost more than 60% from its 2024 peak and is currently trading at $0.4954.

See also: "Bitcoin: around $95,000 amid weakening hopes for a Fed rate cut"

#Price drop #Cardano (ADA) #Bearish Trading

Editor: Yulia Krasnaya
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