Bearish Divergence Confirmed: Cardano Price May Plunge to $0.32 in 24-48 Hours

• Cardano price is close to breaking out but the bearish clouds are preventing an upward movement.
• A plunge could occur in the next few hours, potentially driving prices down to $0.32.
• A bearish reversal towards $0.32 may be imminent if Cardano does not secure levels beyond $0.42.

Cardano Price Analysis

The crypto markets have been shrinking lately, with top tokens maintaining a consolidated descending trend that has affected Cardano (ADA) which recently surged beyond the crucial resistance of $0.38.

However, failing to rise beyond $0.4 may lead to a sharp drop testing the lower crucial levels around $0.32 in the coming days.

Bearish Divergence

In the past 6 months, Cardano’s price had risen sharply, indicating possibly a bearish reversal soon.

The price maintained a constant higher high formation but the momentum indicator RSI (Relative Strength Index) produced lower highs.

This suggests that the rally is not backed and hence a trend reversal may be imminent.

Price Drop Imminent?

An uptick in selling volume could causeCardano’sprice to plummet and invalidate higher targets at$ 0.46 above$ 0.4 level.

What Can Investors Expect?

Investors can expect Cardano’s prices to drop if it fails to sustain itself above$ 0.42 level and plunge towards$ 0.32 in the near future.


Cardano’s bullish momentum seems unlikely as its RSI has triggered bearish divergence signaling a potential downward trend in its prices within 24-48 hours.

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