Dan Gambardello Outlines Three Downside Targets for Cardano Price Action

• Gambardello identifies three downside Cardano levels after $0.90 trendline rejection.
• Mid-$0.60s around $0.62 marks lowest target if bearish trend continues.
• Fibonacci support levels could trigger reversal if defended by buyers.

Market analyst Dan Gambardello has outlined three downside price targets for Cardano following rejection from a lower trendline retest. The analysis comes as ADA continues declining alongside broader cryptocurrency market weakness.

Cardano corrected 3% on Thursday, extending losses after failing to reclaim support around $0.90 earlier this month. The token has now lost both the 20-day and 50-day moving averages, creating conditions for further downside testing.

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Intro 00:00
Perspective 00:10
Crypto momentum 1:40
Ethereum targets 6:15
Cardano targets 9:10 pic.twitter.com/gzHda2TLhm

— Dan Gambardello (@cryptorecruitr) October 9, 2025

Gambardello’s analysis identifies multiple support levels that could come into play if bearish momentum persists. The lowest target sits in the mid-$0.60 range, specifically around $0.62, which represents a key support area.

Technical breakdown could trigger deeper decline

The analyst acknowledged he does not want to see prices reach the lowest target but maintained it represents the technical objective following a price breakdown. The $0.62 level would mark a critical test of support if current weakness continues.

While emphasizing caution due to clear bearish trend signals, Gambardello did not completely rule out potential for price recovery. He outlined conditions under which a bullish reversal could materialize.

Current Fibonacci support levels will determine whether buyers can halt the decline. A rebound from these technical zones would establish foundations for retesting the lower trendline where rejection occurred earlier in October.

Cardano’s reaction upon reaching the trendline would prove decisive for determining market direction. A successful breakout above this level would signal bullish momentum returning for moves toward higher prices.

Another rejection at the trendline would confirm it functions as resistance, likely resulting in sideways trading rather than upward continuation. This scenario would maintain the current consolidation pattern without establishing clear directional bias.

Key reversal level identified at $0.87

Gambardello highlighted $0.87 as a critical level for bulls to reclaim. Movement toward this price point would constitute a positive development for Cardano’s technical structure.

Successfully reclaiming $0.87 could mark the beginning of reversal momentum according to the analyst’s framework. This level sits above current prices but below the contested $0.90 trendline.

The three-target approach provides specific levels for traders to monitor as Cardano navigates current market conditions. Each support zone represents potential areas where buyers could emerge to defend against further losses.

Current price action suggests ADA remains vulnerable to additional downside testing before establishing a sustainable bottom. The identified Fibonacci support levels will determine whether the decline extends to lower targets or reverses from current areas.