Will Cardano (ADA) Survive the Crypto Market Meltdown Triggered by Global Tariffs?
- Cardano (ADA) dropped from $0.659 to a low of $0.5511, nearing its November 2024 bottom.
- The U.S. imposed new tariffs (10% across the board, up to 34% for China), sparking fears across global financial markets.
Cardano (ADA) is under strong bearish pressure as the broader crypto market reacts negatively to global economic tensions. The recent tariffs imposed by the U.S. President Donald Trump have triggered a sell-off across markets, and ADA hasn’t been spared. After trading at $0.659 on Sunday, ADA has fallen sharply, hitting an intraday low of $0.5511 — dangerously close to its November 2024 low.
At the time of writing, ADA is priced around $0.5574, with a market cap of $19.66 billion. Cardano opened the day at $0.5934, but sellers quickly took control. Despite the fall, daily trading volume has surged by over 189%, which usually points to increased selling pressure or panic selling.
MACD, CMF, and Death Cross Signal More Pain Ahead for Cardano (ADA)
Technically, the picture looks quite bearish. On the 1-day ADA/USDT chart, the price has broken below a key support range near $0.60. Both the 50-day and 200-day Exponential Moving Averages are positioned above the current price and are sloping downward — a classic sign of a downtrend.
Momentum indicators also support the bearish view. The MACD has shown a bearish crossover, and the histogram bars are deep in the red, confirming ongoing selling pressure. Meanwhile, the Chaikin Money Flow (CMF) stands at -0.09, indicating money is flowing out of the asset, not into it.
With no signs of a reversal yet, ADA could continue to drop for next few weeks unless bulls step in with strong volume. If the current trend holds, the next support zone lies between $0.48 and $0.50. A death cross pattern — where the 50 EMA crosses below the 200 EMA — also appears to be forming, which may confirm longer-term bearish sentiment for Cardano.
Crypto Markets Sink as U.S. Tariff War Sparks Global Investor Panic
This isn’t limited to Cardano (ADA) alone. The largest crypto Bitcoin (BTC) dropped over 8% in the past 24 hours, now hovering near $76,613. Meanwhile, Ethereum (ETH) saw an even steeper fall of over 14%, trading at $1,523. Overall, the global crypto market cap has plunged more than 8.49%, now standing at $2.44 trillion with over $1 billion wiped out in a day, according to Coinglass.
Investor sentiment remains extremely negative with the Crypto Fear and Greed Index at 17, signaling “extreme fear.”
This widespread market downturn is largely driven by macroeconomic tensions. Starting April 5, the U.S. enforced a blanket 10% tariff on all nations with higher rates targeting key regions—China at 34%, the EU at 20% and Japan at 24%. The move rattled global investors and triggered a sharp sell-off in the crypto market.
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Will Cardano (ADA) Survive the Crypto Market Meltdown Triggered by Global Tariffs?
- Cardano (ADA) dropped from $0.659 to a low of $0.5511, nearing its November 2024 bottom.
- The U.S. imposed new tariffs (10% across the board, up to 34% for China), sparking fears across global financial markets.
Cardano (ADA) is under strong bearish pressure as the broader crypto market reacts negatively to global economic tensions. The recent tariffs imposed by the U.S. President Donald Trump have triggered a sell-off across markets, and ADA hasn’t been spared. After trading at $0.659 on Sunday, ADA has fallen sharply, hitting an intraday low of $0.5511 — dangerously close to its November 2024 low.
At the time of writing, ADA is priced around $0.5574, with a market cap of $19.66 billion. Cardano opened the day at $0.5934, but sellers quickly took control. Despite the fall, daily trading volume has surged by over 189%, which usually points to increased selling pressure or panic selling.
MACD, CMF, and Death Cross Signal More Pain Ahead for Cardano (ADA)
Technically, the picture looks quite bearish. On the 1-day ADA/USDT chart, the price has broken below a key support range near $0.60. Both the 50-day and 200-day Exponential Moving Averages are positioned above the current price and are sloping downward — a classic sign of a downtrend.
Momentum indicators also support the bearish view. The MACD has shown a bearish crossover, and the histogram bars are deep in the red, confirming ongoing selling pressure. Meanwhile, the Chaikin Money Flow (CMF) stands at -0.09, indicating money is flowing out of the asset, not into it.
With no signs of a reversal yet, ADA could continue to drop for next few weeks unless bulls step in with strong volume. If the current trend holds, the next support zone lies between $0.48 and $0.50. A death cross pattern — where the 50 EMA crosses below the 200 EMA — also appears to be forming, which may confirm longer-term bearish sentiment for Cardano.
Crypto Markets Sink as U.S. Tariff War Sparks Global Investor Panic
This isn’t limited to Cardano (ADA) alone. The largest crypto Bitcoin (BTC) dropped over 8% in the past 24 hours, now hovering near $76,613. Meanwhile, Ethereum (ETH) saw an even steeper fall of over 14%, trading at $1,523. Overall, the global crypto market cap has plunged more than 8.49%, now standing at $2.44 trillion with over $1 billion wiped out in a day, according to Coinglass.
Investor sentiment remains extremely negative with the Crypto Fear and Greed Index at 17, signaling “extreme fear.”
This widespread market downturn is largely driven by macroeconomic tensions. Starting April 5, the U.S. enforced a blanket 10% tariff on all nations with higher rates targeting key regions—China at 34%, the EU at 20% and Japan at 24%. The move rattled global investors and triggered a sharp sell-off in the crypto market.
Highlighted Crypto News Today:
“7 Siblings” Whale Resumes ETH Accumulation as Ethereum Price Crashes
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