The cryptocurrency market, including Cardano (ADA), has been experiencing significant volatility. The current price of ADA is around $0.92, and there are concerns about whether it could crash to $0. However, a detailed analysis of the daily and hourly charts suggests that while the price is in a downtrend, a complete crash to $0 is unlikely.

Key observations from the hourly chart include a clear downtrend, sustained bearish momentum indicated by the Bollinger Bands, and weak buying interest shown by the RSI. Resistance levels at $0.95 have not been broken, indicating strong selling pressure.

The daily chart reveals a sharp correction and weakening bullish momentum for Cardano. The RSI is slightly above oversold levels, suggesting a neutral-to-bearish sentiment. Strong support exists in the $0.88 to $0.90 range, and resistance is at $1.00.

The broader cryptocurrency market is bearish due to regulatory scrutiny, rising interest rates, and reduced liquidity. While Cardano continues to develop its ecosystem, these advancements have not yet translated into strong price support.

The possibility of a complete collapse to $0 for Cardano is highly unlikely due to the project's intrinsic value, multiple support levels, and widespread investor interest. In January 2025, Cardano is expected to trade within a range of $0.90 to $1.00, with limited momentum in either direction.

Although there are bearish signs in Cardano's price action, the presence of support zones, an active developer community, and ongoing ecosystem growth provides a safety net for ADA. Short-term pressure may persist due to macroeconomic factors and weak technical momentum.



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