Why is ADAUSD Cardano dropping 12.18% today?

Cardano broke below its 50-day moving average at $0.377, triggering algorithmic selling and stop-loss orders. The strong ADX trend at 39.63 indicates trend followers actively participate in downside moves. Technical breakdown combined with broader market weakness explains the magnitude of today's decline.

What is the ADAUSD Cardano price forecast for 2026?

The yearly forecast targets $0.90, representing a 207% rally from current $0.2934 levels. Monthly forecasts show $0.06, while quarterly targets $0.10. Three-year forecasts reach $1.17, suggesting potential recovery to 2024 levels. Forecasts may change due to market conditions or regulations.

Where is support for ADAUSD Cardano?

Immediate support sits at $0.32 (lower Bollinger Band), with secondary support at the year low of $0.3185. The 200-day moving average at $0.6296 represents longer-term support far above current price. Breaking below $0.3185 would test psychological support levels.

Is ADAUSD Cardano oversold right now?

Stochastic indicators at 81.88 suggest potential oversold conditions, but RSI at 49.81 remains neutral. The strong downtrend (ADX 39.63) indicates sellers maintain control despite oversold readings. Technical oversold conditions don't guarantee immediate reversal in strong downtrends.

What does the technical analysis show for Cardano USD?

MACD shows bearish signal at -0.03 with weak momentum. Bollinger Bands position price near the lower band at $0.32. The strong ADX at 39.63 confirms a firm downtrend. Volume at 1.42 billion shows elevated participation during the selloff.

Crypto Insights

ADAUSD Cardano Faces $0.06 Monthly Target as -12.18% Decline Tests Support

ByHuzaifa Zahoor February 4, 2026

Cardano USD (ADAUSD) has experienced significant selling pressure, declining 12.18% to trade at $0.2934 as of February 4, 2026. The cryptocurrency’s sharp pullback has raised questions about near-term support levels and recovery potential. We examine the technical setup, market sentiment, and price targets that could shape Cardano’s next move. Understanding the current technical landscape helps traders and investors assess where ADAUSD might find stability or face further weakness.