Cardano (ADA) price is drawing renewed attention after rebounding from the $0.27 level, a zone last seen in October 2023. This area has historically acted as a strong demand pocket, triggering dip-buying and short-covering activity. The bounce indicates that sellers are losing momentum near these discounted levels. From a market structure perspective, ADA is attempting to stabilize above the recent lows as liquidity begins to rebuild.
If price continues to hold above the $0.27–$0.28 range and momentum improves, traders may look for speculative long setups. A higher low or range expansion could act as confirmation for a potential breakout attempt in the near term.
Cardano (ADA) Price Enters Bullish Range
Cardano price is still stuck in a clear downtrend on the daily chart, moving inside a descending channel that’s been guiding price lower since the sharp October sell-off. Every bounce has been sold into, and the latest move toward the $0.27–0.28 zone shows that bears are still in control. For now, this channel defines the trend, and ADA needs to break out of it to change the broader narrative.
Looking at indicators, RSI is sitting near 32, which shows weak momentum and hints at exhaustion, but there’s no strong reversal signal yet. CMF hovering around neutral suggests buyers are hesitant, and capital inflows remain light. As long as ADA stays below $0.34–0.36, pressure likely persists toward $0.27, with $0.24–0.25 next if support breaks. A real trend shift starts only above $0.40.
What’s Next for Cardano Price?
Cardano is likely to remain under pressure in the coming week as long as it trades below the descending channel resistance. In the short term, price may attempt a relief bounce toward $0.32–0.34, but this zone is expected to act as strong resistance. If selling pressure persists, $0.27 remains the key support to watch, with a deeper move toward $0.24–0.25 possible on a breakdown. For the monthly outlook, a trend shift only comes into play if ADA reclaims $0.36–0.40 with volume; otherwise, the structure favors consolidation to a mild downside rather than a strong recovery.
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