Coinidol.com: Cardano’s price has fallen to a low of $0.61 and has been unable to break above the moving average lines.
Cardano price long-term forecast: bearish
Since September 22, the cryptocurrency traded above the $0.75 support level, although the price subsequently corrected upwards. The upward correction stalled at the moving average lines. On October 10, the 21-day SMA barrier pushed Cardano lower. The ADA price dropped significantly to a low of $0.61 before pulling back.
On the downside, the crypto was previously predicted to fall to a low of $0.62, as Coinidol.com reported last week. However, based on market movement, the bearish momentum has reached a low of $0.61. Further declines in the cryptocurrency are unlikely. If the current support holds, the altcoin will resume its upward movement. Cardano is now trading at $0.65.
Technical Indicators
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Key Resistance Zones: $1.20, $1.30, and $1.40 -
Key Support Zones: $0.90, $0.80, and $0.70
ADA indicator analysis
The crypto price has fallen significantly below the horizontal moving average lines. The 21-day SMA is below the 50-day SMA, indicating a current decline. On the 4-hour chart, the 21-day and 50-day SMAs are sloping downwards, indicating a decrease. Cardano has entered the oversold territory of the market.
ADA/USD daily chart – October 11, 2025
What is the next move for Cardano?
Cardano’s price is now trading at the bottom of the chart. Following its dip, the cryptocurrency corrected higher to a high of $0.68. The recent high marks the end of the upward correction. The ADA price is currently oscillating above the $0.60 support but below the $0.70 high. If the present support is surpassed, Cardano will fall to its lowest price of $0.51.
ADA/USD 4-hours chart – October 11, 2025
Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.