The crypto market took another hit after a short-lived recovery last week. Bitcoin ($BTC) dropped from $114,000 back to the $107K–109K range, erasing optimism that the bear market was finally ending. This renewed volatility dragged major altcoins down, with Cardano (ADA) losing nearly 9% over the past seven days.
BTC/USD 5-mins chart - TradingView
The $Bitcoin chart shows how momentum shifted quickly from bullish to bearish . After failing to hold above $114K, BTC broke multiple short-term supports. RSI slipped below 40, while the MACD crossed bearishly — both confirming a loss of strength.
Until BTC reclaims $110K with volume, risk assets like Cardano are likely to remain under pressure.
The Cardano (ADA/USD) chart reflects a similar structure. After a brief bounce near $0.65, ADA fell back to $0.628, hovering just above critical support at $0.62.
ADA/USD 2-hours chart - TradingView
The lack of bullish divergence suggests that buyers are not yet stepping in with conviction. A clear breakdown below $0.62 could trigger another sell-off toward $0.58, while a rebound above $0.65 could bring back momentum toward $0.71.
If Bitcoin continues to struggle below $110K, ADA could retest its key support at $0.62. Breaking this level might open the door to $0.58 or even $0.55, especially if overall crypto sentiment weakens further.
Short-term traders should be cautious of false bounces — a typical pattern when RSI hovers near 35–40.
If $BTC stabilizes and global sentiment improves, ADA has a chance to rebound toward $0.70–0.71. This level aligns with the 50-day moving average and previously rejected resistance, making it the next target for bullish traders.
For this setup to confirm, ADA needs a daily close above $0.65 with increasing volume.
The coming days will likely depend on Bitcoin’s ability to regain momentum. Without BTC leadership, altcoins like Cardano will continue to follow broader market direction.
However, ADA’s long-term fundamentals remain intact — especially with ongoing ecosystem upgrades and DeFi integrations on the Cardano network.
For now, traders should monitor the $0.62–0.65 range closely. A breakout or breakdown from this zone will define ADA’s next move.