As of 11:00AM (UTC) on December 15, ADA’s token is trading near $0.403, extending losses after a key trend indicator flipped bearish and reinforced caution among traders across the broader crypto market.
Key Takeaways:
- ADA trades near $0.40 as the SuperTrend indicator turns bearish again, a signal that has historically preceded prolonged downside moves.
- Persistent selling pressure was seen on technical indicators, with RSI in oversold territory and ADA trading below all major moving averages.
- Market sentiment remains fragile, and analysts warn that failure to hold current support could expose ADA to deeper losses.
Cardano’s price momentum weakened further after technical indicators confirmed a renewed bearish phase. ADA’s SuperTrend indicator has flipped back to bearish on lower-timeframe charts, marking the second such reversal in recent weeks. This indicator, commonly used by technical traders to identify trend direction, has historically aligned with extended corrections rather than brief pullbacks.
This price scrutiny was highlighted by a market expert and analyst Ali Martinez, emphasizing on his post on X (formerly twitter) that the said indicator points to bearish sentiment for Cardano’s native token.
The shift follows a failed recovery attempt earlier this month, when ADA briefly pushed higher before running into resistance. Without strong follow-through buying, sellers quickly regained control, pushing the token back toward the $0.40 region. The lack of a clear bullish catalyst has left ADA vulnerable amid a cooling crypto market environment.
Technical Indicators Reflect Sustained Bearish Momentum
As of the latest charts, Cardano’s RSI (14) sits around 40, below neutral but not deeply oversold, suggesting selling pressure remains but is not extreme. ADA continues to trade below key exponential moving averages (20‑ and 50‑day EMAs), while the MACD line stays under its signal line and the ADX confirms the current downtrend. These readings indicate that bearish momentum remains intact, and ADA may struggle to reclaim mid‑$0.40 resistance without renewed buying strength or broader crypto market support.
ADA’s RSI (14) sits at 40.40, placing the token to below neutral conditions. Source: TradingView
Meanwhile, ADA is currently (11:00AM UTC) trading around $0.4032, showing modest drop around 0.2% in the last 24 hours. The token peaked intraday highs around $0.4059, while having touched intraday lows near $0.3950, suggesting that the token is in a short-term recovery phase as it continues to approach recent daily highs.
Market Conditions Weigh on ADA and Broader Altcoin Sentiment
Cardano’s weakness is being exposed alongside subdued sentiment across the wider cryptocurrency sector. Bitcoin and Ethereum still shows indecisive price direction, which limits renewed interests on altcoins. As a result, known beta tokens like ADA struggles to achieve significant upticks.
Derivatives data also points to caution. Open interest in ADA futures has declined, indicating that traders are reducing leveraged exposure rather than positioning for an aggressive rebound. This environment reflects broader uncertainty around macroeconomic conditions and regulatory developments, which continue to influence crypto investment decisions.
Outlook: Bears Still in Control
While the RSI near 40 may attract short-term buyers, the overall trend favors sellers. As long as ADA trades below key resistance and trend indicators remain negative, upside attempts may struggle. Traders and investors will also check if the $0.39 to $0.40 support holds, or if the SuperTrend signal triggers further losses.
Without market catalysts, ADA’s price action will remain unclear especially in short-term, with volatility and trend direction likely to be dictated by crypto market sentiment and technical dynamics.
Summary
Cardano’s ADA is under renewed selling pressure after the SuperTrend flipped bearish again, with RSI and moving averages signaling continued downside risk near $0.40 unless broader market support emerges.
