- Cardano has lost the key $0.148–$0.150 support zone, increasing the risk of a further decline toward $0.1369 and $0.1278.
- Unless ADA reclaims major resistance levels, sellers are likely to remain in control.
Cardano (ADA) remains under pressure after losing a major support zone that had previously helped stabilize price action. It has fallen below the important $0.148–$0.150 range, leaving traders focused on lower support levels as bearish sentiment continues to dominate the market.
ADA is currently trading near $0.14 after recording losses over the past 24 hours. With sellers maintaining control, analysts are now watching whether bulls can defend the next critical support areas before a deeper decline unfolds.
Cardano Loses Critical Support Zone
The recent breakdown below the $0.148–$0.150 region has weakened Cardano’s short-term outlook. This area had served as a strong support level, but it has now turned into resistance after the latest selloff.
As long as ADA remains below this range, sellers are likely to retain the upper hand. A recovery above $0.150 could improve sentiment and potentially open the door for a move toward $0.155 and later $0.161. However, failure to reclaim this level may keep downward pressure intact.
Source: BullifyX via X
The current trading range suggests that buyers have yet to regain control, with ADA continuing to trade near the lower end of its daily price range.
Fibonacci Levels Highlight New Bearish Targets
Technical indicators point to additional downside risk after ADA slipped below a key Fibonacci extension level around $0.1516.
Analysts are now focusing on two important downside targets:
- $0.1369 as the first major support level
- $0.1278 as the next significant support area
These levels have become increasingly important as the market searches for a stronger base. If ADA drops below $0.1369, the likelihood of testing $0.1278 could increase significantly.
On the upside, analysts consider $0.1619 a key recovery level. A move above that price could signal improving market structure and reduce bearish pressure.
Source: Crypto CCK via X
Long-Term Trend Remains Weak
The broader outlook for Cardano remains challenging. Monthly charts continue to show a clear downtrend characterized by lower highs and lower lows.
Source: Overkill Trading via X
Several technical indicators also reflect ongoing weakness. The MACD remains below its signal line, while other trend indicators have yet to show signs of a meaningful reversal. This suggests that a small recovery may not be enough to change the overall bearish structure.
ADA is currently trading near levels not seen in several years, highlighting the severity of the recent decline.
Security Concerns Add to Market Pressure
Market sentiment has also been affected by news surrounding the SecondFi wallet exploit. The incident arrived at a time when ADA was already struggling below key resistance levels, adding further pressure to the price.
While the exploit does not directly determine Cardano’s long-term value, negative headlines often contribute to investor caution during periods of market weakness.
As a result, traders remain focused on whether ADA can stabilize above current support zones before confidence returns.
Key Cardano Levels to Watch
Several support levels could determine ADA’s next move:
- $0.140–$0.138 – Immediate support zone
- $0.1369 – First major Fibonacci support
- $0.1278 – Stronger downside support level
- $0.120 – Broader bearish target if selling intensifies
On the upside, the most important resistance remains between $0.148 and $0.150. Reclaiming this area would be the first sign that buyers are attempting to regain control.
What’s Next for ADA?
Cardano is trading at a critical point after losing one of its most important support zones. The shift of the $0.148–$0.150 range from support to resistance has strengthened the bearish outlook and placed greater attention on lower support levels.
If buyers manage to defend the $0.140–$0.138 area, ADA could attempt a short-term recovery. However, a breakdown below that zone may expose the cryptocurrency to declines toward $0.1369 and potentially $0.1278.
For now, Cardano remains in a fragile position. Until ADA reclaims key resistance levels, the market structure continues to favor sellers, leaving the risk of further losses on the table.
ALSO READ: Charles Hoskinson Unveils AI Strategy to Power Cardano Network Expansion
DISCLAIMER:
The views and opinions expressed herein are solely those of the author and do not necessarily reflect the views of the publisher. The publisher does not endorse or guarantee the accuracy of any information presented in this article. Readers are encouraged to conduct further research and consult additional sources before making any decisions based on the content provided.