Why is Cardano USD dropping today?

ADAUSD is declining 3.26% daily due to elevated selling pressure and broader altcoin weakness. The 12.18% drop from the previous close reflects active liquidations and reduced institutional demand. Volume surging 118% above average confirms conviction behind the selloff.

What is the Cardano USD price forecast?

Monthly target is $0.06, quarterly is $0.10, and yearly is $0.9024. These forecasts suggest potential downside before recovery. Yearly targets indicate substantial upside potential over 12 months if market conditions stabilize.

What are the key support levels for ADAUSD?

Immediate support is at $0.269 (day low) and $0.32 (lower Bollinger Band). The 50-day moving average at $0.37687 acts as resistance. Breaking below $0.32 would open the path toward $0.29.

Is the Cardano USD technical analysis bullish or bearish?

The technical setup is bearish with ADX at 39.63 confirming a strong downtrend. RSI at 49.81 is neutral, while MACD shows negative momentum. Recovery requires breaking above the 50-day moving average.

What is the market sentiment for Cardano USD?

Market sentiment is bearish with elevated volume and negative Money Flow Index. The OBV at -23.3 billion indicates accumulating selling pressure. Traders are reducing positions across leverage and spot markets.

Crypto Insights

Cardano USD Drops 3.26% Daily as $0.29 Support Faces Pressure

ByHuzaifa Zahoor February 5, 2026February 5, 2026

Cardano USD (ADAUSD) is trading at $0.2934 as of February 5, 2026, down 3.26% in the last 24 hours. The cryptocurrency has experienced significant weakness, with a 12.18% decline from its previous close of $0.3341. Market data shows ADAUSD trading between a day low of $0.269 and day high of $0.322, reflecting heightened volatility. The 50-day moving average sits at $0.37687, while the 200-day average stands at $0.62962, indicating sustained downward pressure. With a market cap of $11.6 billion and trading volume of 1.42 billion, we examine the technical factors driving this decline and what levels traders are monitoring.