Cardano (ADA) Price Drops to $0.35, Facing Key Technical Support Challenges
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Price Fluctuation: As of December 25, Cardano (ADA) trades at $0.35, down approximately 1% over 24 hours and 6.1% over the past week, indicating subdued market participation that may impact investor confidence.
- Technical Signals: ADA remains below all major exponential moving averages, with an RSI of 37 approaching oversold territory, suggesting potential further downside pressure in the short term, necessitating close monitoring of support levels.
- Capital Outflows: According to Coinglass, ADA experienced net outflows of $6.25 million over the past week, despite short-term inflows of $410,000, reflecting market uncertainty amid conflicting capital movements.
- Future Outlook: Analysts project ADA's price could range from $0.28 to $0.70 by early 2026, with current levels potentially representing a critical juncture for long-term positioning, especially in light of the upcoming Midnight Mainnet launch aimed at enhancing privacy features.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
