Sunday, 31 August 2025 – While parts of the broader cryptocurrency market attempt to maintain a positive footing, Cardano (ADA) is facing significant downward pressure. The digital asset is at a critical juncture, trading at approximately $0,8202 after a 1,08% decline over the past 24 hours. Technical analysis across multiple timeframes suggests that bearish sentiment is consolidating, putting key support levels at risk.
The Immediate Pressure Point
On an hourly chart, the outlook for Cardano appears precarious. The price has decisively broken below the local support level of $0,8221. For short-term traders, the next few hours are pivotal. Should the current daily candle close significantly below this mark without a substantial lower wick—a sign of buying pressure—the path of least resistance could lead downwards. Analysts are eyeing a potential slide into the $0,8100 to $0,8150 range as the next logical target.
A Broadening Bearish Outlook
Zooming out to a wider daily timeframe, the narrative of seller dominance continues. The battle for the $0,821 mark is crucial; if the bulls fail to defend this level, the accumulated selling pressure could be sufficient to trigger a more pronounced correction. A sustained break below this point could pave the way for a test of the $0,75 zone before the end of the upcoming week.
The midterm perspective, analyzed on the weekly chart, offers little comfort for optimists, as clear reversal signals have yet to materialize. In this context, the psychological and technical level of $0,80 becomes the primary area of focus. A weekly close below this threshold would confirm a significant bearish continuation, potentially extending the decline toward the $0,70 range in the following weeks.
In summary, a confluence of technical indicators across short, medium, and long-term charts points to a challenging period for Cardano. With sellers firmly in control and key supports failing, the market is signaling that the ongoing correction may have further to run.
Disclaimer: This article is provided for informational purposes only and does not constitute financial advice. Investors should always conduct their own thorough research and consult with a qualified financial advisor before making any investment decisions in cryptocurrencies, which are highly volatile and speculative assets.
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