ADA may test the low level of 0.51 if the downtrend continues.

In the past week, ADA, the native currency of the Cardano blockchain, has recorded the worst performance among the top 10 cryptocurrencies by market capitalization. This currency has fallen nearly 6% in value over the past 7 days, and there are signs that the decline may continue for several hours or days to come.

At the time of the press report, the price of ADA had slid down to $0.56, recording a fall of 3% in the past 24 hours. This decline occurs despite other major cryptocurrencies such as Bitcoin and Ether showing signs of recovery after the sell-off last weekend. This indicates that ADA is currently facing some negative influencing factors causing its performance to continue to decrease.

ADA continues to weaken

Although the broader crypto market has added nearly 200 billion dollars in market capitalization since the beginning of the week, with Bitcoin reaching a price of 108,000 dollars, ADA still cannot catch up with the general market recovery trend. The value of ADA remains in a downtrend, which indicates that the market still has doubts about Cardano's ability to generate positive price movements in the near future.

The 4-hour chart of the ADA/USD pair is currently showing a strong bearish trend across both high and low time frames. Technical indicators also reflect a negative picture, indicating the dominance of the bears in navigating the value of ADA.

Specifically, the MACD line has fallen into the negative zone, while the RSI indicator is at 44, indicating strong selling pressure. Both of these indicators suggest that ADA is currently in a downtrend and may continue to face deeper declines in the future.

ADA Price Chart | Source: TradingView## ADA Price Forecast: Testing the Low of $0.51

Given the current situation, ADA may continue to test the low level of $0.51 in the coming days, as the selling side remains dominant. In case the downtrend extends, ADA could fall to the support level of $0.45 – the lowest price of this currency since November 2024.

However, the crypto market in general is showing signs of growth, which may positively affect the value of ADA. If the market trend continues to grow strongly, ADA may retest last week's high of $0.658. To recover and return to the monthly high of $0.75, ADA needs to undergo a strong price increase, which may require significant fundamental and technical factors from Cardano.

Justin