ADA falls while Bitcoin correlation drops to 0.51 from traditional mirroring
MACD bearish crossover expected within 10 days as technical momentum fades
Price consolidation likely between $0.83 support and $0.90 resistance levels
Cardano has declined to $0.85 as its correlation with Bitcoin weakened to 0.51. This decoupling from Bitcoin’s price movements marks a shift from ADA’s traditional pattern of mirroring the leading cryptocurrency’s performance.
The reduced correlation occurs as Bitcoin struggles below $115,000, creating conditions where ADA might trade independently of broader market direction. However, this independence has not translated into positive price action for Cardano, which continues facing downward pressure despite the divergence.
Technical Indicators Signal Potential Weakness Ahead
The Moving Average Convergence Divergence indicator shows signs of an approaching bearish crossover as the signal line moves closer to the MACD line. This technical
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