Key Takeaways
- Uncertainties reek of the crypto market, leading to selling panics as ADA prices drop by 7% in less than 24 hours.
- ADA’s price could see more sell orders if bulls fail to hold its price above $0.72, acting as support.
- Despite the current market trend, the price of ADA remains bullish, as the price could hit $3 to $5 before the end of 2025.
Cardano (ADA) saw a 7% price decline in the last 24 hours following its rally towards $0.83. The price of ADA continues to struggle to maintain its uptrend momentum on several occasions, and it has been looking weak for some weeks now.
The general crypto industry has suffered many uncertainties in the crypto space owing to low liquidity volume across the market due to multiple rug pulls, as crypto traders and investors employ caution to protect funds from liquidations.
The price of Bitcoin (BTC) has struggled to reclaim above $100,000 since rallying to a new all-time high in the first few weeks of 2025. In several instances, prices have failed to trade above $100,000, with recent price action for BTC stopping around $98,800 before the price suffered rejection.
While current market price action for ADA and other crypto assets continues to look less encouraging, bulls need to step in to defend the prices of ADA at these current zones. If the price of ADA fails to hold above the key zone of $0.7, we could see the price trade towards a region of $0.45 to $0.5, where buy orders are pending.
LIBRA Toke Crash Heightens Crypto Market Uncertainty
The collapse of LIBRA memecoin on Friday 14th, 2025, was described by many as one of the biggest rugpull in the crypto space for a memecoin with over $5 billion in liquidity lost within few hours of launch as Argentine President Javier Milei continues to face backlash for supporting such asset with rumors of Argentine lawyers pressing corruption charges.
This incident on LIBRA was seen as the catalyst for casting crypto assets’ downtrend despite the crypto assets showing some improved price gains in the past few days after prolonged low trading periods as assets traded in ranges.
The price of ADA has held firm despite market uncertainties as bulls need to defend its current price action from a further price decline.
ADA Price Analysis – Will Price Ever Go Up?
Source – ADA 1D Price Chart From TradingView
The price of ADA crashed from $1.1 to $0.6 following a struggle to break above $1.1, which was a strong resistance region for the price. ADA’s price has since struggled to show strength towards this resistance, failing to rally above $0.85 on several occasions.
With the price of ADA struggling to hold its bullish price above $0.72, bulls need to defend the price of ADA above this region to prevent bears from taking control of the price. If the price of ADA trades below its 200-day EMA, which supports the price, we could see bears create sell pressure towards a low of $0.45, which acts as a liquidity zone for more buy orders.
