ADA Technical Analysis: 9 APR 2025
The price structure is starting to flip in favor of bulls on a lower time frame. Source: TradingView
General View
Cardano has come under considerable selling pressure after undergoing its first daily death cross since May 2024, signaling a major shift in trend direction. However, despite this bearish development, the price has managed to hold above intraday supports, showing signs of resilience. The price action on the lower time frame is beginning to shift in favor of the bulls, as ADA avoids printing a new lower low and instead establishes a higher low, hinting at early signs of trend reversal.
On The Upside
Cardano is currently capped by a descending trendline, which remains the first technical obstacle. A clean breakout above this resistance at 0.604 would confirm the short-term bullish shift and could trigger an extended move toward the $0.68 to $0.70 supply zone, which marked the last major breakdown area. Meanwhile, between the major resistance, there are still intra-day hurdles at $0.62 and $0.645.
On The Downside
Currently, ADA is enjoying some lower-time frame supports, which can, for the time being, halt any downward pressure from the price. These supports for the session are placed at 0.535 and 0.5100 levels. If this zone gives way, the structure would revert back to a lower low, reinforcing bearish control once again.
ADA is in a death cross formation. Source: TradingView
