Cardano price battles resistance near $0.60 as bearish trend limits upside momentum
Cardano struggles to reclaim $0.6 as sellers dominate the short-term trend
Cardano (ADA) continues to trade under significant selling pressure, struggling to reclaim the $0.6 mark after a sustained downtrend that began in early March 2025. Despite minor recovery attempts, the asset has formed consistently lower highs and lower lows on both the daily and 4-hour charts, reinforcing the bearish structure.
The recent breakdown below the psychological support at $0.60 was triggered by a failure to break the descending trendline formed since February’s high. This trendline continues to act as dynamic resistance.
The $0.65 to $0.67 zone remains a critical supply barrier, aligned with past support-turned-resistance and repeated rejection points observed in late March and early April. On the downside, ADA is finding weak support near $0.54, with a more substantial demand zone lying between $0.50 and $0.52. A breakdown below this region could expose the token to deeper losses toward $0.42–$0.44, last seen in late 2023.
Cardano price analysis (March 2025 - April 2025) Source: TradingView.
Momentum indicators show limited bullish conviction
Technical indicators highlight a fragile recovery. All major EMAs on the 4-hour chart—20, 50, 100, and 200—are sloping downward and remain above the current price, with the 20 EMA recently acting as short-term resistance near $0.586. The RSI is at 41.67, climbing from oversold territory but still under the 50-neutral zone, signaling weak bullish momentum. The MACD line has marginally crossed above the signal line but remains below zero, reflecting slowing bearish momentum rather than a confirmed reversal.
Bollinger Bands are compressing, suggesting incoming volatility. However, with price struggling near the mid-band and Stochastic RSI approaching overbought levels, ADA risks another pullback unless volume increases significantly. The recent buy signal from the CE indicator around $0.54 was quickly countered by a sell trigger at $0.59, confirming ongoing indecision.
Outlook remains cautious as ADA trades near critical technical zones
Cardano's technical landscape suggests a cautious outlook, with bearish momentum dominating unless the asset reclaims the $0.65–$0.67 resistance range with strong volume. Until then, rallies may offer shorting opportunities, while a break below $0.5 would likely accelerate the downside move. Traders should watch the $0.54–$0.6 region closely for clues on near-term direction.
In previous coverage, we highlighted ADA’s struggle to maintain bullish momentum after testing the $0.70 zone, warning that failing to reclaim $0.65 could lead to a break below $0.60. That breakdown has now played out, reinforcing the broader bearish setup we've been tracking since March.
