Cardano (ADA) suffered a massive downturn today, with its price collapsing to $0.4884, marking a steep 39.69% drop in 24 hours and nearly 44% over the week.
The crash pushed ADA’s market capitalization down to $17.5 billion, while its 24-hour trading volume surged above $2.17 billion, reflecting intense selling pressure.
The sudden plunge placed ADA among the day’s biggest losers, as broader crypto markets reeled from heightened volatility following Bitcoin’s sharp intraday crash. The one-hour performance alone shows ADA down almost 37%, signaling heavy liquidation across leveraged positions.
Technical Breakdown: RSI and MACD Indicate Deep Bearish Momentum
On the daily chart, Cardano’s RSI dropped to 22, entering the oversold territory for the first time in months, a level often seen before short-term rebounds. However, the MACD indicator remains deeply negative, suggesting continued bearish momentum in the near term.
The sell-off wiped out nearly all gains ADA had accumulated since its 2025 summer rally, sending the token back to price levels last seen in late 2023.
Market analysts suggest that panic liquidations and cascading stop-loss triggers played a key role in accelerating the drop. On Binance, ADA briefly touched $0.27 before quickly recovering above $0.49, mirroring the extreme volatility seen across the crypto market overnight.
What Comes Next for ADA?
While ADA’s long-term fundamentals remain intact, traders are closely watching whether the price can reclaim the $0.50 psychological level as support. If the bearish sentiment persists, a potential retest of $0.40 or even lower levels could follow.
Still, oversold conditions on the RSI and a potential reversal in momentum indicators suggest that a short-term bounce cannot be ruled out. Market recovery will largely depend on Bitcoin’s stability in the coming sessions, as altcoins continue to mirror BTC’s moves.
At the time of writing, ADA’s price regained momentum and surged back to $0.71.
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Source: https://coindoo.com/cardano-price-crashes-nearly-40-as-market-sell-off-deepens/