Market Overview for Cardano (ADAUSD) – 24-Hour Technical Summary

• ADAUSD declined 7.3% in 24 hours, closing at 0.8711 after a volatile sell-off from 0.9465
• Key support at 0.87–0.88 and resistance at 0.91–0.92 identified from price action and volume clustering
• Strong bearish momentum confirmed by negative MACD divergence and RSI in oversold territory
• Volatility expanded mid-day before stabilizing; volume surged during key breakdowns
• No bullish reversal patterns confirmed, though a potential 61.8% Fibonacci retracement target is 0.88–0.89

Market Overview

Cardano (ADAUSD) opened at 0.907 on 2025-08-24 at 12:00 ET and closed at 0.8711 at 12:00 ET on 2025-08-25. The 24-hour range saw a high of 0.9465 and a low of 0.8562, with total volume of 234,570.8 ADA and turnover of approximately $213,224. The price action reflects a significant bearish bias over the last 24 hours.

Structure & Formations

Price action reveals a bearish breakdown from a key consolidation area around 0.91–0.92, with a sharp decline confirming bearish sentiment. A breakdown below 0.907 and into the 0.87–0.88 range marked key support. A 61.8% Fibonacci retracement level at ~0.88–0.89 may now act as near-term support. No clear bullish reversal patterns have emerged, though a potential test of support at 0.87 could generate a bounce or consolidation.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are in a bearish crossover, reinforcing downward momentum. On the daily chart, the 50-day MA is above the 100- and 200-day MAs, but the price is well below all three, indicating a bearish trend.

MACD & RSI

The MACD turned sharply negative after mid-day, with a bearish divergence visible between price and momentum. RSI dropped into oversold territory near 29, suggesting potential for a near-term bounce, but without a bullish reversal, this could remain a trap for buyers.

Bollinger Bands

Volatility expanded significantly during the mid-day sell-off, with price moving below the 2σ band. A contraction phase began after the 13:45 ET time window, suggesting a possible pause in the move lower. Price has been consolidating near the lower band, indicating elevated bearish pressure.

Volume & Turnover

Volume spiked during key breakdowns, particularly at 0.907 and again at 0.8878. The largest volume spike occurred at 0.907 with ~41,000 ADA traded, confirming the breakdown. Turnover was also strongest during these breakdowns, indicating participation by both retail and institutional actors. A divergence between volume and price during the 0.87–0.88 consolidation remains under observation.

Fibonacci Retracements

A 38.2% retracement of the 0.8562 to 0.9465 move is at 0.895, while the 61.8% level is at 0.88. Price may test 0.87–0.88 again, with a breakdown below 0.865 risking further support at 0.85.

Looking ahead, ADAUSD appears to be in a bearish phase with support near 0.87–0.88. A breakout above 0.91 may signal a reversal, but for now, a continuation of the sell-off remains likely. Investors should remain cautious of further downside and watch for volume confirmation at key levels.