Cardano Teeters Below Key Support – Is a Drop to $0.40 on the Horizon? – BlockNews
Cardano is under heavy bearish pressure, with analysts eyeing a breakdown below $0.581 that could send ADA tumbling toward the $0.40 region. Recent price action shows weak bounces and lower highs, while a key resistance around $0.63 now acts as a sell zone, signaling potential continuation of the downtrend. Broader market volatility and weak buying
- Cardano is under heavy bearish pressure, with analysts eyeing a breakdown below $0.581 that could send ADA tumbling toward the $0.40 region.
- Recent price action shows weak bounces and lower highs, while a key resistance around $0.63 now acts as a sell zone, signaling potential continuation of the downtrend.
- Broader market volatility and weak buying momentum are keeping ADA vulnerable, with technical indicators pointing toward further downside unless sentiment shifts quickly.
Cardano (ADA) just can’t seem to catch a break. As the broader crypto market buckles under pressure, ADA’s price action is flashing some pretty clear warning signs—and they’re not exactly the kind that make bulls feel warm and fuzzy. On Binance’s ADA/USDT chart, analysts are now zeroing in on a structure that looks like it’s gearing up for a deeper dive, with a potential drop toward the $0.40 mark in sight.
Bearish Signs Stack Up: Liquidity Retest in Play
According to technical analyst RLinda, Cardano’s current structure paints a grim picture. “It’s a bear market, plain and simple,” she wrote in her latest TradingView update. Looking at the 4-hour chart going back to early March, it’s not hard to see what she means.
After grinding sideways between March 11 and May 6, ADA finally gave in and slipped lower. The move—classic liquidity retest behavior—has pulled the price back toward the $0.63 zone, which used to be solid support. Now? It’s flipped into resistance.
This level, combined with the 0.5 Fibonacci retracement zone, forms what RLinda calls a “clear sell zone.” And unless ADA stages a strong reversal here, things could spiral south fast.
Breakdown Trigger: $0.581 Is the Line in the Sand
From a structural standpoint, Cardano’s chart is shouting lower highs and weak bounces since March 26—textbook signs of fading momentum. The real danger zone? That would be $0.581. If ADA drops below that and stays there, we could be looking at a serious breakdown.
The next stop might be $0.5092, but that level’s not expected to hold much weight. Past that, things get dicey. RLinda warns that if ADA slips through this level, it’ll fall into what she calls a “zone of emptiness”—an area with little to no historical buying pressure.
In this void, price could cascade down to $0.4564, and maybe even as far as $0.42 or $0.40. It’s grim stuff, but hey—that’s crypto when the tide turns.
Macro Uncertainty Makes Things Worse
Adding fuel to the fire, the entire crypto market recently took a hit from some tariff-related chaos. Conflicting reports about a supposed 90-day U.S. tariff suspension sparked volatility, only for the White House to shut down the rumors hours later.
That bit of whiplash was enough to drag Bitcoin down to $74,620, and Cardano followed suit, dipping to $0.54. Even though ADA has since clawed back to around $0.5751, the bounce feels weak. Volume is thin, and buyers don’t seem too eager to step in with force—at least not yet.
Final Thoughts
Unless sentiment across the market shifts dramatically, Cardano looks set to face more pain. Sure, a surprise bounce isn’t off the table, but all signs point to caution. If $0.581 fails to hold, buckle up. It might be a bumpy ride down to the $0.40 zone.
Delegate Your Voting Power to FEED DRep in Cardano Governance.
DRep ID: drep12ukt4ctzmtf6l5rj76cddgf3dvuy0lfz7uky08jfvgr9ugaapz4 | We are driven to register as a DRep by our deep dedication to the Cardano ecosystem and our aspiration to take an active role in its development, ensuring that its progress stays true to the principles of decentralization, security, and community empowerment.DELEGATE VOTING POWER!
