Cardano price stuck below $0.71 as bearish trend persists and momentum fades
Cardano weakens below key resistance as technical indicators show fading bullish momentum
Cardano (ADA) continues to trade within a broader downtrend, struggling to regain bullish traction as technical indicators and price structure signal persistent weakness. The altcoin trades near $0.67 as of Wednesday, with attempts to reclaim the critical resistance zone at $0.71 repeatedly rejected.
ADA’s 4-hour chart reveals a consistent formation of lower highs and lower lows since its March breakdown, with price unable to rise above the 0.236 Fibonacci level at $0.71. The demand zone between $0.65 and $0.66 has offered some short-term support, but each rebound from this level has shown declining strength, reflecting fading buyer interest.
A bearish EMA alignment reinforces this trend, with the 20-EMA ($0.6739) acting as immediate resistance. The 50, 100, and 200 EMAs—clustered above current levels—further block upside attempts. Indicators such as RSI (45.54) and MACD suggest neutral-to-bearish momentum, with weak bullish signals failing to materialize into sustained rallies. Bollinger Bands are also tightening, implying low volatility and a potential breakout—but direction remains unclear.
Cardano price analysis (October 2024 - April 2025) Source: TradingView.
Daily trendlines and Ichimoku confirm downside bias
On the daily chart, ADA remains under pressure below a long-term descending trendline. The recent breakdown from a rising wedge pattern confirmed the bearish continuation, leading price back toward $0.66. This zone coincides with the 0% Fibonacci retracement level, and any breakdown here could accelerate declines toward $0.60 or even $0.52.
Ichimoku Cloud analysis further validates this bearish scenario. ADA remains well below the Kumo, with both the Tenkan-sen and Kijun-sen sloping downward and the Chikou Span lagging behind price—an indication that bearish momentum remains dominant.
Until ADA can reclaim and hold above the $0.71–$0.74 region with strong volume, the macro trend remains bearish. A close below $0.65 would likely open the door for further selling pressure.
In earlier coverage, we highlighted that ADA’s break below rising wedge support and persistent failure to reclaim key EMA levels created a high-risk environment for bullish traders. The current pattern reinforces that bearish continuation remains the dominant outlook until major resistances are overcome.
