{"id":39450,"date":"2025-12-22T10:35:31","date_gmt":"2025-12-22T10:35:31","guid":{"rendered":"https:\/\/financialrush.com\/?p=39450"},"modified":"2025-12-22T10:35:31","modified_gmt":"2025-12-22T10:35:31","slug":"is-ada-going-to-0-23-why-analysts-are-suddenly-bearish-on-cardano","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=39450","title":{"rendered":"Is ADA Going to $0.23? Why Analysts Are Suddenly Bearish on Cardano"},"content":{"rendered":"

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Cardano (ADA) has come under renewed pressure as key technical signals point to continued weakness. The asset is trading at around $0.37, with a market cap of $13.6 billion. Its 24-hour trading volume stands at $576 million. Over the past seven days, ADA has fallen by almost 9%, adding to a larger drawdown seen in recent weeks.<\/p>\n

Monthly MACD Turns Bearish<\/h2>\n

The MACD on the monthly chart has crossed bearish. This signal shows a shift in momentum and is often used to track longer-term price trends. In a past instance, this same signal marked the start of an 81% drop in ADA\u2019s value. According<\/a> to analyst Ali Martinez, the current crossover has already been followed by a 32% decline.<\/p>\n

The histogram on the MACD is also below zero. This suggests that downward pressure is still building. If the pattern repeats, analysts are watching for possible support near the $0.23 level.<\/p>\n

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\u201cThe last time the monthly MACD crossed bearish, Cardano $ADA dropped 81%,\u201d said Ali Martinez. \u201cThe recent crossover has already led to a 32% decline.\u201d<\/p>\n<\/blockquote>\n

Meanwhile, ADA continues to trade below its key moving averages on the weekly chart. The 9-week EMA is at $0.45, and the 21-week EMA is at $0.66. The current price remains under both, showing that momentum is still weak.<\/p>\n

<\/a>
Cardano (ADA) Price Chart 22.12. Source: TradingView<\/figcaption><\/figure>\n

In addition, the Awesome Oscillator also remains in negative territory at -0.28. The bars on the indicator are red and growing. This reflects rising bearish strength and a lack of buying activity. The trend has been in place for several months without signs of recovery.<\/p>\n

Futures Data Shows Less Market Interest<\/h2>\n

Futures open interest for Cardano is now at around $660 million, according to CoinGlass data. This marks a sharp drop from levels above $1 billion seen earlier this year. Most of that decline has come after October, as price and participation both moved lower.<\/p>\n

Traders are now less active in leveraged positions. This shift often shows reduced interest in short-term speculation. The connection between falling prices and open interest reflects a weaker overall market setup.<\/p>\n

Adding to this, market data shows a bearish tone among both retail and institutional participants. Market Prophit reports<\/a> that both crowd and platform sentiment for ADA are negative. Whale wallets have sold<\/a> 120 million ADA in the past two months.<\/p>\n

ADA\u2019s inability to hold that level earlier in the year remains a key point. With no reversal signs in place, selling pressure continues to weigh on the asset.<\/p>\n

The post Is ADA Going to $0.23? Why Analysts Are Suddenly Bearish on Cardano<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n
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