{"id":7626,"date":"2025-01-14T16:03:01","date_gmt":"2025-01-14T16:03:01","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=7626"},"modified":"2025-01-14T16:03:01","modified_gmt":"2025-01-14T16:03:01","slug":"cardano-price-at-risk-of-15-crash-analyst-warns-it-might-get-bloody","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=7626","title":{"rendered":"Cardano Price At Risk Of 15% Crash, Analyst Warns It Might Get \u2018Bloody\u2019"},"content":{"rendered":"
\n

The Cardano price currently\u00a0finds itself in a risky position,<\/a> and technical analysis highlights the possibility of a significant price correction.\u00a0The analysis, conducted on the 4-hour candlestick chart and shared on TradingView, points to a potential 15% decline for the Cardano price in light of a recent break below the Exponential Moving Averages (EMAs).<\/p>\n

Cardano Price Breaks Below EMAs To Open Up Bearish Scenario<\/h2>\n

As noted by a crypto analyst (SwallowAcademy) on the TradingView platform<\/a>, Cardano started the week with four consecutive bearish candles on the 4-hour timeframe, leading to a drop below the drop below Exponential Moving Averages (EMAs). This drop below the EMAs on the 4-hour timeframe has triggered some sort of bearish outlook, which in turn opens up the risk of the Cardano price falling further in a short-term timeframe. With the possibility of more price decline in mind, technical analysis shows there isn\u2019t any liquidity zone close to the current price action to act as a quick support level for Cardano.\u00a0<\/p>\n

The closest support level is about 7% away from the current Cardano price, and the analyst suggests that the cryptocurrency could revisit this level aat round $0.83. Should this support fail, the analyst warns of an additional 8% drop, pushing the Cardano price further down quickly to $0.76. <\/p>\n

All in all, this would represent a quick 15% drop from the current Cardano price by the end of the week, a movement that the analyst noted could be bloody. \u201cEyes wide open here; it might get bloody,\u201d the analyst said.<\/p>\n

Bearish Scenario Can Be Invalidated<\/h2>\n

Although the bearish scenario is still in place, the analyst also provided a potential scenario that could invalidate this outlook. A strong upward bounce from here<\/a> could send Cardano\u2019s price above the $0.98 mark and a quick shift in the short-term price outlook. Such a rebound would bring Cardano back above the EMAs <\/a>and indicate renewed bullish momentum to reduce the risk of further declines. In such a case, the analyst noted that Cardano would be able to push above $1.02<\/a> and eventually reach $1.2 to $1.3 in the next few days.<\/p>\n

At the time of writing, Cardano is trading at $0.9544 and is up by 1.57% in the past 24 hours. Hopefully, the cryptocurrency can continue this upward movement to invalidate the bearish scenario.\u00a0<\/a><\/p>\n

Ultimately, the next few days will determine which scenario will play out for the Cardano price. If the bearish case unfolds as anticipated, the 15% correction could create new challenges for ADA holders. On the other hand, a bounce above $0.98 would reignite optimism <\/a>for Cardano to retest $1.2, which is its highest price level in over two years, and ultimately break above it.<\/p>\n

\"Cardano<\/div>\n","protected":false},"excerpt":{"rendered":"

The Cardano price currently\u00a0finds itself in a risky position, and technical analysis highlights the possibility of a significant price correction.\u00a0The analysis, conducted on the 4-hour candlestick chart and shared on TradingView, points to a potential 15% decline for the Cardano price in light of a recent break below the Exponential Moving Averages (EMAs). Cardano Price […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-7626","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/7626","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7626"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/7626\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}