Crypto News: Economic ‘Nuclear War’ Sends ADA and DOGE Below Critical Support Levels

The crypto market faced intense pressure as ADA and DOGE prices dropped below key support levels amid rising global economic uncertainty. Triggered by what some analysts call an “economic nuclear war,” the broader market correction has shaken investor confidence. Both ADA and DOGE showed strong bearish signals as technical indicators pointed to weakening momentum. The ADA price fell past its critical $0.61 support, while the DOGE price breached the $0.15 mark, raising concerns of deeper losses ahead. With the crypto market in a fragile state, traders are closely watching for signs of recovery or further breakdown.

ADA Found Support at $0.5111 on April 7

The trading day of April 6th opened with strong bearish pressure as a death cross appeared around midnight, pushing ADA into a downward channel. Continued selling momentum led to oversold conditions on the RSI, with another signal flashing at 13:55 UTC, dragging the price down to a support level of $0.6187. At 16:40 UTC, the MACD line formed a death cross, accelerating the drop below this support. Oversold pressure persisted until 19:05 UTC, keeping the price under pressure into April 7th. 

Chart 1, analyzed by ShwetaCW, published on TradingView, April 7, 2025

As illustrated in Chart 1, another MACD death cross at 2:15 UTC confirmed the ongoing bearish trend. By 6:55 UTC, the price hit a new support at $0.5111 during another oversold reading. At 7:10 UTC, a golden cross on the MACD suggested a potential upward move. According to ADA price prediction, if bullish momentum holds, the price could break resistance at $0.6187. If not, a reversal could push ADA below $0.5000.

DOGE Eyes $0.18000 as Bulls Attempt Rebound 

On April 6th, DOGE began its trading day with bearish momentum as the MACD line formed a death cross at 1:35 UTC, triggering a downward channel. RSI remained in oversold territory, intensifying the decline. Another RSI oversold reading at 4:00 UTC pushed the price to find temporary support at $0.15959. The bearish outlook deepened with a second MACD death cross at 16:00 UTC, keeping the downward pressure intact. From 17:25 to 19:10 UTC, persistent RSI oversold signals led the price to break below the support. 

Chart 2, analyzed by ShwetaCW, published on TradingView, April 7, 2025

The bearish trend continued into April 7th, with another MACD death cross at 2:15 UTC and further RSI oversold readings at 3:40 UTC and 6:50 UTC, dragging the price to a new support at $0.12988. A golden cross on the MACD at 7:20 UTC hinted at recovery. According to DOGE price prediction, sustained bullish momentum could push DOGE toward $0.18000. Otherwise, a reversal could drop it below $0.12500.

ADA and DOGE Show Signs of Recovery 

​The recent downturn in the crypto market, influenced by escalating economic tensions, has significantly impacted major altcoins like Cardano and Dogecoin. ADA’s price is currently $0.54835 reflecting a decrease of approximately 0.14% from the previous close. Similarly, DOGE is trading at $0.138386, down about 0.16%. Analysts predict that if bullish momentum returns, ADA could target resistance levels around $0.6187, while DOGE might aim for $0.15959. Conversely, continued bearish pressure could see ADA testing support near $0.5111 and DOGE around $0.12988. Investors are advised to monitor market developments closely. As ongoing economic factors continue to influence the crypto market’s volatility.

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