Forecast for Cardano (ADA) Value in the Coming Week

ADA has returned to its 64 cents support following an unsuccessful attempt to exceed the 90 cents resistance. It is crucial for buyers to adequately protect this level, as failure to do so could result in sellers pushing the cryptocurrency down to around 50 cents, as was seen in April.

Despite reduced market interest and volume in recent weeks, sellers have prevailed. However, the lack of momentum in the ongoing downtrend could give buyers the chance to regain control at the 64 cent support. The weekly MACD indicates a bearish trend, with negative histogram and falling moving averages that seem to be accelerating.

If buyers do not re-emerge at the key support, ADA could easily drop to 50 cents.