A new week has begun with the decline of the market, according to CoinStats.
![Article image]()
ADA chart by CoinStats## ADA/USD
The rate of Cardano (ADA) has declined by 2.83% over the last 24 hours.
![Article image]()
Image by TradingViewOn the hourly chart, the price of ADA has broken the local support at $0.3853. If the daily bar closes below that mark, the decline may continue to the $0.38 mark tomorrow.
![Article image]()
Image by TradingViewOn the longer time frame, the situation is also bearish. The rate of ADA is on the way to breaking the support of $0.3826. If it happens, the accumulated energy might be enough for a continued downward move to the $0.37 zone.
![Article image]()
Image by TradingViewFrom the midterm point of view, the price of the altcoin is going down after the previous weekly bar’s closure
If the candle closes below the interim level at $0.38, traders may witness a test of the $0.34-$0.36 range by the end of the month.
ADA is trading at $0.3839 at press time.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Crypto markets rally as Trump announces two-week Iran ceasefire
The crypto market enjoyed a much-needed boost on Tuesday evening after U.S. president Donald Trump announced a two-week ceasefire in Iran.
Bitcoin BTC$71,640.51 spiked to around $72,700 after settling in the $71,800 region, ether (ETH), meanwhile, is changing hands at $2,250 after posting a 6%
CoinDesk30m ago
Retail buy orders fell from higher levels by 50%, and April presents an opportunity for a rebound in risk assets
In March, retail investors shifted toward stock sellers, and buy order volume fell nearly 50%. Despite bearish market sentiment, seasonal factors and ceasefire-related news may prompt the market to rebound in the second quarter, and investors should pay particular attention to the energy, technology, and crypto asset sectors.
GateNews1h ago
Ethereum rebounds to $2,257 as network stablecoin supply surpasses $180 billion, setting a new all-time high
Fueled by a ceasefire agreement between the United States and Iran, the price of Ethereum rose by about 9% on Wednesday, reaching a new high in several weeks. At the same time, stablecoin supply hit a historical high, suggesting increased activity across the Ethereum ecosystem. Analysts believe this provides solid support for Ethereum, and investors should watch macro events and changes in technical indicators.
GateNews1h ago
Bitcoin Reclaims Prices Above $70,000 at $72,000, Will it Reclaim $76,000 or Hit $60,000 Next?
Bitcoin reclaims prices above $70,000 at $72,000.
Will the price of BTC go bullish and surge above $76,000 next?
There is also a bearish possibility for BTC to drop to $60,000 next instead.
The crypto community is pleased to see the price of Bitcoin (BTC), the pioneer crypto asset, recla
CryptoNewsLand1h ago
Bitcoin breaks through $72,000; the ascending triangle pattern suggests a target of $80,000
Bitcoin’s price rose 6.7% on Wednesday to $72,379, influenced by easing tensions between the US and Iran and falling oil prices. Investor risk-avoidance sentiment eased, driving crypto and traditional assets to rise in tandem. Technical indicators show strong upward momentum for Bitcoin; if it breaks through $74,500, it could further test the $76,000 or $80,000 targets.
GateNews1h ago
6-week new high! Bitcoin ETF inflows of $470 million, analyst: a breakout move is brewing
U.S. spot Bitcoin ETFs pulled in $471 million on Monday, setting a six-week high and signaling a rebound in institutional investor confidence. Despite the strong inflows, geopolitical and economic uncertainties could still affect the rally. Analysts said that if broad economic variables improve, the crypto market may see upward momentum again.
CryptoCity1h ago
