Cryptonews Price Analysis

Cardano Price Dips Below $0.64 Amid Bearish Sentiment—Could a Recovery Be Imminent?

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Arslan Butt

Crypto Writer

Arslan Butt

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Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

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Last updated:

April 5, 2025

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Cardano Price Holds Above Key Long-term Resistance Level / Source: Cryptonews

Cardano (ADA) isn’t having a great week. As of April 6, 2025, the token has slipped to $0.634, marking a over 3.50% decline over the past 24 hours and nearly 7.7% down for the week. It’s now ranked #10 by market cap, sitting at $22.45 billion, with daily trading volume hovering just above $414 million.

The troubling part? Volume is fading fast—down nearly 59%, a sign that interest may be waning. And with a potential death cross forming on the charts, traders are growing cautious.

The 50-day moving average is approaching a cross below the 200-day average (currently at $0.740 and $0.734, respectively), a technical red flag often associated with prolonged downside.

ADA/USD price chart (source: TradingView)

Cardano Charts Paint a Bearish Picture—But It’s Not Game Over Yet

Short-term technicals aren’t offering much comfort either. On the 4-hour chart, ADA remains stuck inside a downward-sloping channel. Every bounce has been short-lived, with the 50-period EMA at $0.664 acting as a resistance for price attempts to break higher.

Cardano Technical Recap:

Current Price: $0.634
Resistance: $0.645 (then upper channel trendline)
Support: $0.612 → $0.581
EMA Resistance: $0.664
RSI (14): 39 – bearish but not fully exhausted
Trend: Still downward unless a breakout occurs#ADAUSD #Cardano pic.twitter.com/bCoDs6WWAj
— Arslan Ali (@forex_arslan) April 6, 2025

Support has shifted to $0.612, with a possible drop to $0.581 if that floor gives way. On the flip side, resistance stands at $0.645, with stronger selling pressure just above the upper boundary of the descending channel.

Meanwhile, the Relative Strength Index (RSI) is at 39—not yet oversold, but certainly tilted in favor of the bears.

Quick Technical Recap:

Current Price: $0.634
Resistance: $0.645 (then upper channel trendline)
Support: $0.612 → $0.581
EMA Resistance: $0.664
RSI (14): 39 – bearish but not fully exhausted
Trend: Still downward unless a breakout occurs

Unless ADA can break out of the current downtrend, any upside may be limited in the near term.

Can Strong Fundamentals Turn the Tide for Cardano?

While the price is under pressure, Cardano’s underlying ecosystem is far from stagnant. One notable catalyst: Ripple’s RLUSD stablecoin is expected to launch on Cardano, a move that underscores rising institutional interest in the network.

Even more intriguing, Charles Hoskinson has hinted at bringing Cardano into Bitcoin’s DeFi universe, which could unlock new use cases and demand.

That said, none of this has translated into price support—at least not yet. Analysts warn that if ADA fails to hold the $0.600–$0.650 support zone, the door opens for a deeper correction toward $0.400 or even $0.300, especially if macro headwinds persist.

What to Watch Next:

If $0.612 fails, watch for a retest of $0.581
To flip the script, ADA needs to break above $0.645 and invalidate the descending channel
On-chain activity and market sentiment will be key in shaping ADA’s next move

Final Thoughts: On Thin Ice, But Not Broken

Cardano’s short-term outlook is clouded by technical weakness, fading volume, and macro pressure. However, with meaningful developments happening under the hood—like stablecoin integration and potential Bitcoin-DeFi bridges—the long-term narrative remains intact.

Still, for now, the $0.600 support zone is a critical battleground. Until bulls regain control and push ADA out of its downtrend, caution remains warranted.

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