ADA’s Stalemate Deepens: Bulls Shrink, Bears Whisper Louder Near Breakdown – BlockNews
Cardano stuck under key resistance while forming a fragile triangle structure. Repeated rejections show bulls might be out of fuel... for now. Breakdown below $0.66 could trigger a swift drop back to the $0.58 zone. The Coil Is Tightening ADA’s been moving sideways for weeks now, and you can feel the tension building. Since bouncing
- Cardano stuck under key resistance while forming a fragile triangle structure.
- Repeated rejections show bulls might be out of fuel… for now.
- Breakdown below $0.66 could trigger a swift drop back to the $0.58 zone.
The Coil Is Tightening
ADA’s been moving sideways for weeks now, and you can feel the tension building. Since bouncing from the $0.58 range in early March, the price has been climbing—but only a little—forming what looks like a weak ascending triangle. And honestly? The structure’s starting to crack.
The recent attempt to reclaim $0.70 fizzled out quick. That hesitation is telling. Buyers just aren’t stepping in like they used to. What’s left is a tight coil of price action that’s getting squeezed lower day by day. It’s not a breakdown yet—but we’re flirting with the edge.
Bullish Setup? Or Just a Slow Burn?
Let’s not sugarcoat it—ADA hasn’t really had a strong bullish push since it spiked to $1.17. Every mini-rally since then has just led to another fade. The structure is full of lower highs, and even when it did bounce from $0.58, it stalled hard at $0.69–$0.70… not exactly inspiring stuff.
It’s starting to feel like the bulls are playing defense now. They’re reacting instead of pushing. Even though there was a nice bounce off the $0.64–$0.66 zone earlier this month, the momentum that followed was weak and couldn’t break any serious ground. If we dip again, there’s no strong case it holds up the same way.
Make or Break Near $0.66
Right now, ADA’s hugging the lower trendline of its triangle—and that’s not a comfy place to hang out. If the price falls through $0.66, it could be a slippery slope straight back to the previous low around $0.58. And below that? We’re entering territory not seen since Q4 of last year.
On the flip side, for ADA to flip the script, it needs a clean break above $0.72. That might sound small, but it’s a psychological hurdle that hasn’t been crossed cleanly in weeks. If it does get reclaimed with strength, the move could squeeze short positions and trigger a bit of upside fuel—but right now that feels more like hope than probability.
The Roots of Cardano
Cardano was launched back in 2017 by Charles Hoskinson, one of Ethereum’s co-founders. It was built around peer-reviewed academic research and layered architecture, with a strong focus on scalability, sustainability, and formal methods. Unlike most projects that rushed out smart contracts, Cardano took its sweet time—but that cautious approach earned it a loyal following. It’s slow-moving, sure, but built to last.
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