{"id":67111,"date":"2025-05-17T17:30:55","date_gmt":"2025-05-17T17:30:55","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=67111"},"modified":"2025-05-17T17:30:55","modified_gmt":"2025-05-17T17:30:55","slug":"cardano-market-structure-says-crash-is-coming-but-0-9-is-still-in-the-cards","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=67111","title":{"rendered":"Cardano Market Structure Says Crash Is Coming, But $0.9 Is Still In The Cards"},"content":{"rendered":"

Cardano (ADA) is flashing mixed signals as its market structure hints at an imminent short-term price crash<\/a>. While bearish indicators suggest a possible decline, a crypto analyst reveals<\/a> that the broader trend remains intact, with technical patterns supporting the potential for a rally toward the $0.9 mark.<\/p>\n

Cardano Price Crash Incoming<\/h2>\n

TradingView Crypto analyst SiDec has released a bearish price forecast for Cardano<\/a>, anticipating a significant correction toward the $0.75 area in the coming days. This cautious outlook is based on detailed analysis using Elliott Wave Theory<\/a>, Fibonacci tools, and critical price action zones.\u00a0<\/p>\n

SiDec has stated that ADA\u2019s price continues to consolidate<\/a> after completing a 5-wave impulse move, signaling the end of its upward momentum. Following this strong impulse rally, the cryptocurrency is now exhibiting a classic Elliott Wave behavior, transitioning into a textbook ABC corrective pattern<\/a>.\u00a0<\/p>\n

The cryptocurrency first experienced a pull-back, labeled as Wave A on the price chart, followed by a temporary recovery in Wave B. According to SiDec, Wave C is expected to complete the retracement pattern, with ADA\u2019s final downward move nearing its end.\u00a0<\/p>\n

Currently, technical indicators and price action point to the $0.705 region as a high-probability long entry zone. The TradingView analyst also clarifies where ADA might find solid support during this corrective phase using Fibonacci Retracement zones<\/a>.<\/p>\n

The 50% retracement level of the entire bullish 5-wave impulse is positioned approximately at $0.7534 \u2014 a critical price point that coincides closely with ADA\u2019s previous price swing at $0.746. This former resistance level has yet to be revisited, making it a natural support candidate.\u00a0<\/p>\n

The analysis further identifies a 1:1 ABC extension for the anticipated correction in ADA, placing Wave C\u2019s potential crash target<\/a> around $0.7492. This also creates a tight cluster of technical indicators in the range of roughly $0.75, indicating a strong support zone.\u00a0<\/p>\n

Further supporting this level, the daily 21 Exponential Moving Average (EMA)<\/a> stands at $0.7455, while the daily 21 Simple Moving Average (SMA)<\/a> is slightly lower at $0.7347. SiDec has also identified the Point of Control (POC), which marks the price with the highest volume, near $0.7318.\u00a0<\/p>\n

The analyst further highlights that Cardano\u2019s anchored Volume Weighted Average Price (VWAP)<\/a> resides within the $0.75 support zone. At the same time, the Pitchfork tool\u2019s golden pocket aligns dynamically as support around the same area.\u00a0<\/p>\n

ADA Price Path To $0.92 Holds Firm<\/h2>\n

While SiDec eyes a potential crash to new lows for ADA in the near term, the analyst\u2019s chart also shows a green zone, with a projected bullish bounce drawn. Following its Wave C crash, Cardano is expected to rebound<\/a> and approach the $0.92 level.\u00a0<\/p>\n

The TradingView analyst has advised caution around this area, as $0.92 acts as a significant resistance zone and coincides with a prior liquidity zone that could trigger rejection or profit-taking<\/a>.\u00a0<\/p>\n

SiDec has emphasized that the risk-to-reward ratio around this area will only become favorable once there is clear confirmation, such as an SFP, a bearish engulfing candle, or visible divergence. Overall, if the $0.75 support zone holds, Cardano, which is currently trading at $0.78, could be positioned for a strong recovery toward $0.92 and beyond.<\/p>","protected":false},"excerpt":{"rendered":"

Cardano (ADA) is flashing mixed signals as its market structure hints at an imminent short-term price crash. While bearish indicators suggest a possible decline, a crypto analyst reveals that the broader trend remains intact, with technical patterns supporting the potential for a rally toward the $0.9 mark. Cardano Price Crash Incoming TradingView Crypto analyst SiDec […]<\/p>\n","protected":false},"author":0,"featured_media":67112,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-67111","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/67111"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=67111"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/67111\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/67112"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=67111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=67111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=67111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}