Cardano (ADA) has been struggling to break through the $0.926 resistance level since mid-August, with repeated rallies failing due to heavy selling pressure. The latest rejection on September 14 caused the token to fall by 5%, with technical indicators suggesting that a continued decline is likely.
On the one-day chart, the Moving Average Convergence Divergence (MACD) is forming a bearish crossover, which signals a breakdown in the coin's bullish momentum. This indicates that sellers are gaining control and the price may be vulnerable to further drops.
Additionally, the Parabolic Stop and Reverse (SAR) indicator has flipped, with its dots now positioned above the price. This signals that bearish pressure is firmly in control and will act as dynamic resistance, making it harder for ADA to recover.
Given these bearish signals, ADA's price could fall to $0.802 and potentially as low as $0.677 if support fails to hold. However, if buyers can reverse the trend and successfully push the price above the $0.926 resistance, ADA could rally toward $1.079, a level last seen in March.
September 2025, Cryptoniteuae