BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

Cardano Struggles to Hold Support Amid Market Correction: Analysts Believe These Levels are CRITICAL for Higher Prices

by Matoy
March 10, 2025
in Crypto, Investing, Opinion
A A
13
SHARES
Share on TwitterShare on Reddit
  • ADA faces strong resistance, failing to maintain its previous bullish momentum.
  • The latest dip signals continued weakness, with key support levels being tested.
  • If the current trend persists, further downside could be on the horizon.

Cardano has seen a rough stretch, with its price continuously retreating from recent highs. The chart reflects a clear downward trend, showing that bulls are struggling to maintain control. Attempts to push higher have been met with strong resistance, leaving ADA trapped in a pattern of lower highs and lower lows.

The latest pullback has brought the price closer to a critical support level that has held in previous corrections. If this level gives way, it could open the door to further declines. However, a bounce from this zone could signal a potential short-term recovery, at least until it meets the next resistance level.

Weak Rebounds Indicate Hesitation

Despite minor attempts at recovery, ADA has struggled to build momentum for a meaningful reversal. Every bounce so far has been short-lived, suggesting that traders are still cautious. This lack of confidence is making it difficult for the price to sustain upward movement, which could mean that sellers remain firmly in control.

If the price is to break free from this downward structure, buyers will need to step in aggressively at support. Without a strong push from bulls, ADA could continue drifting lower. The next few trading sessions will be key in determining if the market is ready to shift, or if sellers will press their advantage further.

Market Structure Shows More Weakness

ADA’s current market pattern suggests a bearish outlook, with lower highs consistently forming. This kind of setup often points to continued downside unless buyers show stronger commitment. Right now, there’s little indication that momentum is shifting in favor of the bulls.

If support holds, there could be a relief rally, but the broader picture still leans bearish. The key factor to watch will be whether ADA can break out of its current downtrend or if it will continue to struggle under selling pressure. The market remains unpredictable, and traders should be prepared for either scenario.

Cardano was founded in 2017 by Charles Hoskinson, one of Ethereum’s co-founders. Unlike many cryptocurrencies, ADA operates on a research-driven approach, aiming to provide a secure and scalable blockchain solution. Despite its strong fundamentals, market sentiment often dictates its price movement, and right now, it appears to be in a difficult position.

As ADA hovers around key levels, the next move could set the tone for the coming weeks. Will buyers step in to defend support, or is a deeper correction inevitable? The answer lies in how the market reacts in the short term.

Tags: ADACardano
Tweet3ShareShare5

DON'T MISS THESE! HOT OFF THE PRESS

JRNY CLUB Announces $JRNY Token and EARN Platform
Breaking News

JRNY CLUB Announces $JRNY Token and EARN Platform

May 7, 2025
Everything You Need to Know About Doodles Upcoming DOOD Token
Crypto

Everything You Need to Know About Doodles Upcoming DOOD Token

May 7, 2025
Federal Reserve Holds Steady as Trump Tariffs Threaten Economic Stability: The Hard Truth Exposed
Finance

Federal Reserve Holds Steady as Trump Tariffs Threaten Economic Stability: The Hard Truth Exposed

May 7, 2025
Mark Cuban Slams Trump’s Crypto Ventures as Self-Serving Disaster: Is This True?
Crypto

Mark Cuban Slams Trump’s Crypto Ventures as Self-Serving Disaster: Is This True?

May 7, 2025
Federal Reserve Holds Rates Steady Amid Tariff Uncertainty: Trump Disappointment Grows
Breaking News

Federal Reserve Holds Rates Steady Amid Tariff Uncertainty: Trump Disappointment Grows

May 7, 2025
U.S. Aims to Become Premier Hub for Digital Asset Innovation, Says Bessent
Crypto

U.S. Aims to Become Premier Hub for Digital Asset Innovation, Says Bessent

May 7, 2025
Load More

Related News

JRNY CLUB Announces $JRNY Token and EARN Platform

JRNY CLUB Announces $JRNY Token and EARN Platform

May 7, 2025
Everything You Need to Know About Doodles Upcoming DOOD Token

Everything You Need to Know About Doodles Upcoming DOOD Token

May 7, 2025
Federal Reserve Holds Steady as Trump Tariffs Threaten Economic Stability: The Hard Truth Exposed

Federal Reserve Holds Steady as Trump Tariffs Threaten Economic Stability: The Hard Truth Exposed

May 7, 2025
Mark Cuban Slams Trump’s Crypto Ventures as Self-Serving Disaster: Is This True?

Mark Cuban Slams Trump’s Crypto Ventures as Self-Serving Disaster: Is This True?

May 7, 2025
Federal Reserve Holds Rates Steady Amid Tariff Uncertainty: Trump Disappointment Grows

Federal Reserve Holds Rates Steady Amid Tariff Uncertainty: Trump Disappointment Grows

May 7, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Newsletter
  • Advertise
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano China Coinbase crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX Gary Gensler grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology twitter US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.