Cardano’s 10% Crash After Huge $70M Upgrade Approval: Can ADA Recover $0.50?

Recently, the Cardano community, in a vote sanctioned a treasury withdrawal of 70 million ADA to be used in upgrading infrastructure with a massive 71% majority. It is the quickest approval compared to the start of the governance system, and it proves that the community is very supportive of the further development and enhancement of the network.

Cardano’s 10% Crash: What’s Behind the Sudden Drop to $0.42?

The past few hours have witnessed a notable decline of more than 10% of Cardano (ADA), which was trading at its highest level of $0.47 but dropped to $0.42, the lowest during the day. The price has been trading in a robust downward channel, which has added to the steep fall. Both the MACD and RSI indicators have exhibited a Death Cross and various oversold states, yet the price has remained on its downward trend, with resistance at $0.434 and support at $0.424 at the time of writing. 

ADA/USDT M5 chart, analyzed by Ali Oliyaee, published on TradingView, December 11, 2025

Cardano Price Surge: RSI Signals a Golden Cross

In order to see the bigger picture of the market, we should go through the price movement of Cardano in the past 24 hours. On December 10th, 2025, the price moved sideways within the range and oscillated between support at $0.458 and resistance at $0.476, the highest price of the day. An oversold situation was noted at 7:00 AM UTC on the RSI, and the price was then pushed to the daily high of $0.476 by a Golden Cross on the MACD.

MACD Death Cross Signalled Major Downturn

Nonetheless, at this stage, the overbought condition appeared on the RSI, and at 10:20 UTC, the MACD indicated the divergence, which implied the possible price fall. Then the price started falling, and it moved sideways until a major death cross on the MACD at 20:45 UTC. This led to a sharp downward candle, and a support level of $0.454 was broken, and the price started moving down strongly.

Cardano’s Next Move: Will It Break Down to $0.41 or Surge to $0.44?”

Cardano is currently experiencing resistance at $0.434 and support at $0.424, as of today, December 11th, 2025. Considering the current downward trend, it is most likely that the breakout will take place below the level of support, and the next target could be the level of $0.41. Nevertheless, in a scenario where the price succeeds in overcoming the resistance, the next major level that would be observed would be at $0.44.

Get the news in a Jist. Follow Cryptojist on X and Telegram for real-time updates!

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and risky. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.