Why is the Cardano (ADA) Price Dropping Today?

ADA saw a 10% drop today as bearish trends make a comeback.

**Key Support Levels:** $0.90, $0.73
**Key Resistance Levels:** $1, $1.3

### 1. Price Struggles at Key Support

Cardano faces a critical decision point. If the key support at $0.90 fails, it could become resistance, potentially pushing the price down to $0.73. This would create a lower low, suggesting a possible extended correction.

![Chart by Tradingview](https://cryptopotato.com/wp-content/uploads/2025/01/ADAUSDT_2025-01-27_18-32-53.png)

### 2. Momentum is Reversing

The volume, price, RSI, and MACD histogram are all showing lower highs, signaling bearish activity. Despite this, the $0.90 support level remains intact for now, leaving room for further developments.

![Chart by Tradingview](https://cryptopotato.com/wp-content/uploads/2025/01/ADAUSDT_2025-01-27_18-33-08.png)

### 3. Impending Bearish Cross on Weekly Timeframe

The weekly MACD indicates an imminent bearish cross, which could signify a more extended downturn, potentially dropping prices to $0.73 or lower if the broader market experiences a deep correction.

![Chart by Tradingview](https://cryptopotato.com/wp-content/uploads/2025/01/ADAUSDT_2025-01-27_18-33-36.png)

#Cardano #ADA #Crypto #MarketAnalysis