ADA’s price could slide toward the $0.51 level if momentum doesn’t improve.
Cardano’s (ADA) chart tells a familiar story: lower highs and weak follow-through.
As it has performed most of the month, Cardano’s price has extended its decline. At press time, it trades at $0.63, and it looks trapped below a crucial resistance.
The longer this grind continues, the weaker the setup gets.
As it stands, ADA might be unable to clear the hurdle and could be stuck in consolidation.
A close look at the chart shows that the major resistance that has kept it this way lies between $0.96 and $1.14.
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From an on-chain standpoint, Cardano’s Daily Active Addresses (DAA) divergence has plunged to -97.28%.
While ADA’s price has declined, on-chain engagement has weakened significantly, suggesting waning user participation and volume.
Such a deep negative divergence reflects cooling market interest, which can precede price pullbacks if activity fails to recover.
Cardano’s price might slip toward $0.55 if this trend continues.
However, if Cardano’s DAA begins to rebound from these levels, it could indicate fresh accumulation and renewed network activity, providing a foundation for ADA’s recovery.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
