The post ADA Hits Make-or-Break Point Ahead of Bearish Monthly Close appeared on BitcoinEthereumNews.com.
ADA eyes bearish monthly close Cardano price outlook Although the crypto market is beginning to flash subtle signs of recovery following the recent market volatility, Cardano has reached a technical juncture as its price struggles below critical levels. While the market is showing mixed price actions, popular crypto analyst Ali Martinez has shared data revealing that ADA is currently changing hands around $0.232, below its multi-year support level. ADA eyes bearish monthly close The market downside pressure has pulled ADA’s trading price below $0.247, which has served as its key support zone since 2021 as the asset has maintained a steady close above that level. Bitcoin (BTC), Zcash (ZEC), Ethereum (ETH) and XRP Price Analysis for May 30: Bearish Pressure Emerges JPMorgan Boss on Crypto Bill: ‘We’ll Fight It’ While historical data shows that $0.247 has acted as a lower boundary d
The post ADA Price Prediction: $0.19 Target Locks In as Technical Breakdown Accelerates appeared on BitcoinEthereumNews.com.
Caroline Bishop
May 30, 2026 07:13
Cardano trades at $0.23 with deteriorating momentum and oversold conditions building toward a decisive break. Technical analysis points to $0.19 as the next major support with 65% probability of re…
The Immediate Setup Cardano is grinding lower at $0.23, down 0.47% in the last 24 hours, with technical indicators painting a bearish picture. The RSI sits at 36.50, approaching oversold territory but showing no signs of reversal momentum. The MACD histogram has flatlined at zero while the main signal remains entrenched in negative territory at -0.0061, indicating sustained weakness without relief. Trading volume of $26.9 million on Binance reflects diminishing buyer interest. When price action lacks conviction and volume stays muted, downward pressure typically intensifies. The current technical structure suggests
The post Solana Must Hold Above Crucial $78 Level – Analyst Explains Why appeared on BitcoinEthereumNews.com.
Data from CoinMarketCap shows that Solana (SOL) has registered no significant net price change in the last month. However, daily price analysis shows that the prominent altcoin reached a local peak near $97 in early May before entering its current downtrend. Presently, the Solana market is dominated by bearish sentiment, alongside the broader market, as indicated by its weekly price loss of 4.09%. In an X post on May 30, renowned market analyst Ali Martinez shares a key insight on the Solana market, highlighting a horizontal channel formation on the daily chart. For context, the horizontal channel is formed by two flat, parallel lines that act as support and resistance, within which the price moves sideways. It is usually indicative of a market in consolidation, where a breakout above resistance (the upper boundary) is a bullish signal, and a breakdown below support (the lower
The post Cardano News Highlights Leios Progress and Stablecoin Growth appeared on BitcoinEthereumNews.com.
Key Insights Cardano developers reported progress across Leios, Mithril, and governance initiatives. More than $9 million in USDCx was minted during the week. ADA price continues trading near a closely watched support area. Cardano recorded new development milestones, governance activity, and stablecoin growth during the past week, according to ecosystem updates released by Input Output and Intersect. The developments arrived as ADA traded near a key technical level that traders continue monitoring amid broader crypto market weakness. Cardano News Shows Progress Across Key Projects The Cardano ecosystem recorded several notable developments over the past week, according to the latest report from Input Output. One of the main updates came from work on the Leios protocol. Developers said efficiency improved after the introduction of a new stakeholder-based committee design. As a res
The post Mounting Uncertainty as Cardano Teeters on a Knife-Edge appeared on BitcoinEthereumNews.com.
Cardano (ADA) is grappling with volatile market conditions that have resulted in considerable price fluctuations. After weeks of trading beneath a key support level, a fresh surge of anxiety emerges as the monthly close draws near, positioning the cryptocurrency at a critical juncture. Continue Reading:Mounting Uncertainty as Cardano Teeters on a Knife-Edge Source: https://en.bitcoinhaber.net/mounting-uncertainty-as-cardano-teeters-on-a-knife-edge
The post Cardano price risks $0.113 as Summit 2026 cancellation hits ADA appeared on BitcoinEthereumNews.com.
Cardano price remains under pressure after the Cardano Foundation confirmed that its proposed Cardano Summit 2026 will not take place this year following failed treasury votes. Summary Cardano Summit 2026 was canceled after DReps rejected funding, adding fresh governance pressure around ADA. ADA traded near $0.236, below Ali’s $0.247 channel floor, keeping downside targets in focus now. RSI and MACD remain weak, while low volume shows buyers have not regained control yet. The Cardano Foundation said it would respect the outcome of the latest treasury proposal votes after the community rejected funding for the planned Cardano Summit 2026. The organization said governance requires participation and a commitment to accept collective decisions. In a statement on X, the Foundation said the proposed event “will not take place this year” after the vote failed. It added that it had rev
Data from CoinMarketCap shows that Solana (SOL) has registered no significant net price change in the last month. However, daily price analysis shows that the prominent altcoin reached a local peak near $97 in early May before entering its current downtrend. Presently, the Solana market is dominated by bearish sentiment, alongside the broader market, as indicated by its weekly price loss of 4.09%. In an X post on May 30, renowned market analyst Ali Martinez shares a key insight on the Solana market, highlighting a horizontal channel formation on the daily chart. For context, the horizontal channel is formed by two flat, parallel lines that act as support and resistance, within which the price moves sideways. It is usually indicative of a market in consolidation, where a breakout above resistance (the upper boundary) is a bullish signal, and a breakdown below support (the lower boundary) is a bearish signal. Related Reading: Solana Clings To Critical Multi-Year Support As Breakout Press
The post Cardano’s Price Path: Will It Struggle to Rebound? appeared on BitcoinEthereumNews.com.
Cardano’s ADA token has recently dipped below its enduring $0.247 support level, a threshold that had been steadfast since 2021. The token is currently trading at $0.232, suggesting a potential pivotal moment in Cardano’s price trajectory, as indicated by technical analysts. Continue Reading:Cardano’s Price Path: Will It Struggle to Rebound? Source: https://en.bitcoinhaber.net/cardanos-price-path-will-it-struggle-to-rebound
