{"id":50307,"date":"2025-04-07T15:08:50","date_gmt":"2025-04-07T15:08:50","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/cardano-faces-30-drop-as-crypto-liquidations-top-1-billion\/"},"modified":"2025-04-07T15:08:50","modified_gmt":"2025-04-07T15:08:50","slug":"cardano-faces-30-drop-as-crypto-liquidations-top-1-billion","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/cardano-faces-30-drop-as-crypto-liquidations-top-1-billion\/","title":{"rendered":"Cardano faces 30% drop as crypto liquidations top $1 billion"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<ul>\n<li>Cardano (ADA) down 13% as price hits $0.55.<\/li>\n<li>US-China trade tensions under Trump drive market downturn.<\/li>\n<li>ADA faces a 30% drop if the $0.51 support fails.<\/li>\n<\/ul>\n<p class=\"\" data-start=\"91\" data-end=\"677\">The global cryptocurrency market is undergoing a sharp correction as macroeconomic fears intensify, with more than $1 billion in crypto liquidations occurring in the past 24 hours alone.<\/p>\n<p class=\"\" data-start=\"91\" data-end=\"677\"><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-crashes-10-as-crypto-market-wipes-out-1-3-trillion-in-value-since-january\/\">Bitcoin has slumped<\/a> below $77,000, erasing over 10% from its recent peak of nearly $90,000.<\/p>\n<p class=\"\" data-start=\"91\" data-end=\"677\">Altcoins are showing even greater volatility, with Cardano (ADA) seeing a 13% decline that has brought its price to $0.55.<\/p>\n<p data-start=\"91\" data-end=\"677\"><\/p>\n<p data-start=\"91\" data-end=\"677\">Source: <a href=\"https:\/\/coinmarketcap.com\/currencies\/cardano\/\">CoinMarketCap<\/a><\/p>\n<p class=\"\" data-start=\"91\" data-end=\"677\">Market analysts say this downturn is largely being fuelled by escalating US-China trade tensions and growing concerns over a US recession under President Donald Trump&rsquo;s administration.<\/p>\n<h2 class=\"\" data-start=\"679\" data-end=\"742\">ADA price nears breakdown<\/h2>\n<p class=\"\" data-start=\"744\" data-end=\"1133\">Cardano is currently at risk of a technical breakdown, according to analysts monitoring the price structure.<\/p>\n<p class=\"\" data-start=\"744\" data-end=\"1133\">The asset is trading just above the key support level of $0.51, which has already been tested during the latest round of selling.<\/p>\n<p class=\"\" data-start=\"744\" data-end=\"1133\">A breach below this level could push the price as low as $0.35&mdash;a nearly 30% fall from current levels, revisiting the lows seen in October and November.<\/p>\n<p class=\"\" data-start=\"1135\" data-end=\"1499\">Chart patterns suggest that ADA has been following a descending triangle formation, which typically signals further downside.<\/p>\n<p class=\"\" data-start=\"1135\" data-end=\"1499\">The absence of any meaningful rally from recent lows adds weight to this bearish setup.<\/p>\n<p class=\"\" data-start=\"1135\" data-end=\"1499\">Until the token breaks past the $0.673 resistance with a decisive five-wave move, technical indicators will likely remain tilted in favour of sellers.<\/p>\n<h2 class=\"\" data-start=\"1501\" data-end=\"1554\">Altcoins extend losses<\/h2>\n<p class=\"\" data-start=\"1556\" data-end=\"1951\">Cardano is not the only cryptocurrency under pressure. <a href=\"https:\/\/coinjournal.net\/news\/whale-loses-over-106-million-as-ethereum-price-crashes\/\">Ethereum<\/a>, <a href=\"https:\/\/coinjournal.net\/news\/solana-price-falls-below-100-as-200m-unlock-nears\/\">Solana<\/a>, <a href=\"https:\/\/coinjournal.net\/news\/dogecoins-support-under-threat-amid-rising-liquidation-pressure\/\">Dogecoin<\/a>, and <a href=\"https:\/\/coinjournal.net\/news\/ec-vs-ripple-case-pressures-xrp-price-ahead-of-april-10-meeting-and-cpi-release\/\">XRP<\/a> are all experiencing losses greater than Bitcoin&rsquo;s, reflecting widespread anxiety in the digital assets market.<\/p>\n<p class=\"\" data-start=\"1953\" data-end=\"2282\">The trigger appears to be a mix of deteriorating macroeconomic sentiment and policy moves in the US.<\/p>\n<p class=\"\" data-start=\"1953\" data-end=\"2282\">Trump&rsquo;s latest tariff threats against China have reignited fears of a global trade war.<\/p>\n<p class=\"\" data-start=\"1953\" data-end=\"2282\">Coupled with concerns about inflation and slower economic growth, this has led to risk-off sentiment across equity and crypto markets alike.<\/p>\n<h2 class=\"\" data-start=\"119\" data-end=\"147\">Ending diagonal pattern<\/h2>\n<p class=\"\" data-start=\"2354\" data-end=\"2746\">On the lower time frame, ADA&rsquo;s chart reveals a double-bottom pattern, typically seen as a bullish reversal signal.<\/p>\n<p class=\"\" data-start=\"2354\" data-end=\"2746\">However, in this case, analysts argue that the setup is weak due to the lack of volume and follow-through.<\/p>\n<p class=\"\" data-start=\"2354\" data-end=\"2746\">Instead, the price action more closely resembles an &ldquo;ending diagonal&rdquo; formation, which often marks the final leg of a corrective move before another downward wave begins.<\/p>\n<p class=\"\" data-start=\"2748\" data-end=\"3080\">If the current structure completes the third wave of this diagonal, Cardano could see additional selling pressure, potentially extending the correction before any signs of a sustained rebound appear.<\/p>\n<p class=\"\" data-start=\"2748\" data-end=\"3080\">This would align with the broader market narrative, which suggests caution as traders navigate an increasingly volatile environment.<\/p>\n<h2 class=\"\" data-start=\"148\" data-end=\"174\">Weak bullish momentum<\/h2>\n<p class=\"\" data-start=\"3131\" data-end=\"3479\">Another challenge for ADA has been its inability to sustain upward momentum following brief rallies.<\/p>\n<p class=\"\" data-start=\"3131\" data-end=\"3479\">The token has failed to reclaim the $0.673 level, which was the last major swing high.<\/p>\n<p class=\"\" data-start=\"3131\" data-end=\"3479\">Without a strong move above this price point&mdash;ideally supported by a five-wave bullish structure&mdash;market participants remain hesitant to enter new long positions.<\/p>\n<p class=\"\" data-start=\"3481\" data-end=\"3733\">The sentiment around Cardano, like much of the altcoin market, remains fragile.<\/p>\n<p class=\"\" data-start=\"3481\" data-end=\"3733\">Until clearer macroeconomic signals emerge or Bitcoin itself stabilises above key resistance levels, altcoins like ADA may continue to trade defensively in the weeks ahead.<\/p>\n<p>The post <a href=\"https:\/\/coinjournal.net\/news\/cardano-faces-30-drop-as-crypto-liquidations-top-1-billion\/\">Cardano faces 30% drop as crypto liquidations top $1 billion<\/a> appeared first on <a href=\"https:\/\/coinjournal.net\">CoinJournal<\/a>.<\/p>\n<p><a href=\"https:\/\/coinjournal.net\/news\/cardano-faces-30-drop-as-crypto-liquidations-top-1-billion\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Cardano (ADA) down 13% as price hits $0.55. US-China trade tensions under Trump drive market downturn. ADA faces a 30% drop if the $0.51 support fails. The global cryptocurrency market is undergoing a sharp correction as macroeconomic fears intensify, with more [&hellip;]<\/p>\n","protected":false},"author":3947362361,"featured_media":50308,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/50307"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362361"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=50307"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/50307\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/50308"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=50307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=50307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=50307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}