Ted Hisokawa
September 25th, 2025 07:27
The ADA has been trading at $0.79 after beating major support, and despite the recent OpenBank Adoption News, a bearish technical signal has emerged.
Quick Take
•ADA currently trading at $0.79 (-2.40% in 24 hours) • Cardano’s RSI of 38.73 approaches potential overselling terms.
What is the price of Cardano today?
ADA prices have faced significant pressure over the past 24 hours, falling below the important $0.83-0.85 support zone that they held for several days. This decline comes despite positive news from September 18th, when OpenBank, Europe’s largest digital bank, announced an ADA integration for 2 million customers.
However, the market’s first optimism since OpenBank’s announcement is hidden by concerns about on-chain data. The exchange flow showed a net outflow of $6.7 million on September 17, indicating that investors were either profiting or cutting down their future status even if adoption news emerged.
In addition to bearish sentiments, the amount of Cardano derivatives fell dramatically to $2.13 billion, with open interest falling 1.6% to $1.5 billion. This decline in speculative activity suggests that traders are retreating from their ADA position, reducing liquidity and contributing to lower prices.
Despite these challenges, Cardano’s community sentiment remains resilient and ranks globally at #7 among the cryptocurrency community. This strong community support has not hampered the recent technological collapse, but could provide a foundation for price stability.
ADA Technical Analysis: Bearish Signals Appear
Cardano’s technical analysis reveals photos of concerns for short-term price action. The ADA RSI has fallen to 38.73 and is approaching the territory sold, but has yet to provide a strong purchase signal. This level suggests increased sales pressure, but extreme selling conditions could provide potential bounce opportunities of around 30 cases.
The MACD indicator shows a clear bearish momentum with a negative histogram with MACD lines -0.0079 and -0.0126. This composition indicates that sales pressure is increasing and ADA prices could be reduced in the short term.
Cardano’s position associated with the Bollinger band is particularly noteworthy. The ADA price is $0.79 and the lower band is also $0.79, with Cardano testing key technical support. The %B position at 0.0279 confirms that the ADA is traded near the lower band.
Moving averages paint mixed but generally bearish pictures. The ADA is $0.74 above the 200-day SMA, but is below the short-term average, including the 7-day SMA, at $0.84, and approaching the 20-day EMA at $0.85.
Cardano price levels: Major support and resistance
Based on Binance Spot Market data, several important Cardano support levels are focused. Immediate support is $0.79, which coincides with current prices and the Bollinger Band lower boundary. A break below this level could cause additional sales to a strong support zone at $0.73.
For ADA resistance, the immediate challenge is $0.83-$0.85. This represents the broken support zone that must now be reclaimed for a bullish reversal. More than that, the 20-day EMA, around $0.87, offers the next level of resistance, followed by a greater resistance of $0.95.
A $0.80 pivot point serves as a critical battlefield level. A sustained deal beyond this point could indicate that worst sales pressure has subsided, with the decisive break below opening the door to a strong support level of $0.73.
Traders should note that the 24-hour trading range of ADAs, between $0.83 and $0.79, encapsulates the current struggle between buyers and sellers, and the bottom edge of this range represents important support.
Should I buy an ADA now? Risk Reward Analysis
For swing traders, current ADA pricing setups offer both opportunities and significant risks. The approaching overselling RSI conditions and proximity to bollinger band support suggests that potential short-term bounces can be achieved. However, the bearish MACD momentum is against aggressive purchasing at current levels.
Conservative traders may consider waiting for a clear break above $0.83 to confirm support recovery, or considering a deeper reduction to $0.73, which will benefit the risk-to-reward ratio. A strong support of $0.73 represents a downside of about 8% from the current level, with resistance offering a 20% upside potential at $0.95.
If you are taking longer positions, day traders should focus on the range of $0.79 to $0.83, using the lower boundary as the stop loss level. A decrease in derivative volume suggests a decrease in volatility and may limit both benefits opportunities and risks of short-term strategies.
Long-term investors may view recent declines as an opportunity for potential accumulation, particularly given the catalysts for open bank adoption. However, awaiting technical confirmations above the main resistance level will provide a higher probability entry.
Conclusion
The price of the ADA is facing a critical period with support of $0.79, and technical indicators suggest that bear pressure continues despite the development of positive adoption. The strength of Cardano’s community and recent OpenBank integration provide basic support, but it immediately focuses on whether buyers can protect the $0.79 level. Traders should be aware of any critical breaks below this support. This could cause signs of a trigger that moves to $0.73 or interest that could cause the relief rally to return to resistance between $0.83 and $0.85. The next 24-48 hours may determine whether this reduction represents a healthy correction or the onset of a deeper retrace.
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