Cardano Faces Pressure as Bitcoin Sell-Off Impacts Altcoins

2025-10-22 19:31

Cardano (ADA) has experienced a significant price drop, losing nearly 9% over the past week amid a broader cryptocurrency market sell-off triggered by Bitcoin's decline. ADA is currently trading at $0.628, approaching a critical support level of $0.62. Technical indicators suggest a bearish outlook, with the Relative Strength Index (RSI) at 36.6 and the Moving Average Convergence Divergence (MACD) below zero. A fall below $0.62 could see ADA targeting $0.58, while a recovery above $0.65 might aim for $0.71. The market's direction remains heavily influenced by Bitcoin's performance.

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