Published: Dec 04, 2025 at 14:10
Updated: Dec 04, 2025 at 16:18
Cardano’s (ADA) price has rebounded above the $0.38 support level and reached the 21-day SMA barrier.
ADA price long-term forecast: bearish
The cryptocurrency has been trending downward as it approaches the October 10 price level, although bulls have defended the current support at $0.38 since 21 November. Today, the price surged and became stuck at the 21-day SMA level.
On the upside, if buyers push the price above the 21-day SMA and bullish momentum is sustained, Cardano will resume its upward trend. The ADA price will then rally to the 50-day SMA or the $0.54 high.
However, if the Cardano price drops below the 21-day SMA barrier, selling pressure will resume. On the downside, if the ADA price falls and breaks below the $0.38 support, Cardano will decline to its October 10 low of $0.295. Today, Cardano is worth $0.44.
Cardano price indicator analysis
The cryptocurrency has broken above the 21-day SMA barrier but has since been rejected at the recent high. The 21-day and 50-day SMAs are sloping downward, indicating a downtrend. On the 4-hour chart, the ADA price is above the horizontal moving average lines.
What is the next move for ADA?
Cardano’s price is in an upward correction as it continues its sideways movement above the $0.38 support. The altcoin’s rising price movement has stalled at the $0.45 level. The development of Doji candlesticks has caused the ADA price to remain range-bound.
The ADA price is retracing above the moving average lines as it continues its sideways movement. The ADA price will trend at either the $0.38 support or the $0.45 barrier.
Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.
Source: https://coinidol.com/cardano-drifts-sideways/
