Cardano (ADA) has faced a three-day decline, struggling to find support as market volatility remains high. From March 20 to March 23, 2025, ADA dropped from $0.7438 to $0.7055, reflecting a 5.2% loss. Fluctuating trading volumes indicate uncertainty among investors, raising questions about ADA’s short-term outlook.
Three-Day Price Performance Recap
- March 20, 2025 – ADA opened at $0.7438 and closed at $0.7180, with a trading volume of $674.6 million.
- March 21, 2025 – Bearish pressure intensified as ADA opened at $0.7179 and closed at $0.7044, despite a volume spike to $1.56 billion.
- March 22, 2025 – ADA hovered near the key $0.70 support, opening at $0.7051 and closing at $0.7012, with trading volume dropping to $333.9 million.
- March 23, 2025 (Current) – ADA is trading around $0.6971, showing a minor recovery but remaining in a consolidation phase.
Forecast for the Next Three Days (March 24-26, 2025)
Given recent price action, ADA’s next move will depend on its ability to hold above the $0.70 support level. Here are two possible scenarios:
- Bearish Scenario (60% Probability)
If ADA fails to maintain $0.70, further declines could occur. Increased selling pressure may push ADA toward $0.6850 or even $0.6700 by March 26. A breakdown below these levels would signal stronger bearish momentum.
- Bullish Scenario (40% Probability)
If buyers step in near $0.70, ADA could attempt a recovery toward $0.72-$0.73. A sustained move above $0.7250 would indicate renewed bullish sentiment, with potential upside toward $0.75 in the coming days.
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Key Levels to Watch
- Support: $0.7000, $0.6850
- Resistance: $0.7200, $0.7350
ADA remains in a critical zone, and traders should monitor market sentiment closely to determine its next move.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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