- Cardano’s momentum fades as weak demand keeps ADA stuck near $0.70.
- Technical indicators show weakness, with low buying pressure and strong resistance at $0.80.
- Bitcoin’s trend holds the key, as further weakness could push ADA below range lows.
Cardano’s ADA once surged with confidence, but buyers have gone silent. Whales stepped in days ago, yet the price refused to climb. Instead of strength, weakness took over. Bitcoin’s struggles added more pressure, making recovery even harder. Without demand, selling pressure increased, keeping ADA stuck near $0.70. A breakdown now seems possible. Can bulls hold the line, or will another drop shake the market?
Weak Demand Pushes ADA Toward Uncertainty
ADA’s Momentum faded fast after the early March rally. A push from range lows gave hope, but resistance stayed strong. Buyers managed a higher low at $0.67, but sellers kept control. The $1.13 resistance blocked any attempt at a stronger recovery. Technical indicators are showing clear weakness. The MACD signals no momentum. On-balance volume refuses to rise, proving accumulation has stalled. Without stronger buying pressure, ADA remains stuck in consolidation.
Will ADA Hold, or Is a Breakdown Coming?
A break above $0.80 could shift the trend, but confidence remains low. Derivatives markets show little action, and spot trading reflects hesitation. Weak demand keeps the market in limbo. A breakout seems far away unless something sparks fresh interest.
Data from Coinalyze shows open interest stuck between $400 million and $450 million. Speculators remain cautious, waiting for direction. No clear bullish conviction exists. The falling spot CVD confirms this hesitation, with selling pressure still stronger than buying volume.
Bitcoin holds the key to ADA’s fate. A strong move from BTC could revive confidence, but further weakness may push Cardano lower. Without a surge in demand, the range lows face serious risk. For now, the next few days will determine ADA’s trajectory.
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