Altcoin News

What’s Next for Cardano Price as Bears Take Control Below Key Support?

Cardano price faces selling pressure in a descending triangle, testing support at $0.76. A breakout could trigger a move in either direction.
Published by
What’s Next for Cardano Price as Bears Take Control Below Key Support?

Highlights

  • Cardano broke below a symmetrical triangle on the 4-hour chart, confirming a bearish trend.
  • Key resistance is at $0.85, with support at $0.76 and potential downside to $0.68.
  • A sustained move above $0.85–$0.90 could signal a trend reversal for ADA.

Cardano price is facing increased selling pressure as the price moves within a descending triangle pattern, a technical formation that traders often associate with bearish momentum. The altcoin has been trading below key resistance levels, with its movement showing signs of consolidation near a critical support zone. As bearish sentiment grows, traders are closely watching the price action to determine whether ADA will break below or attempt a recovery.

Advertisement

Will Cardano Price Hold Key Support?

Analyst Winghaven Crypto has taken to X, pointing out that Cardano broke below a symmetrical triangle on the 4-hour chart, confirming a bearish trend. The breakdown suggests that the selling momentum is increasing, pushing ADA toward lower support levels. The current market structure indicates a continuation of downward pressure unless buyers step in to defend key price zones.

The immediate resistance level for Cardano price is at $0.85, where previous price rejections have occurred. If ADA fails to reclaim this level, the probability of further declines increases. On the downside, support is identified at $0.76, a level that has held firm in recent sessions. A failure to maintain this support could open the door for a deeper decline toward $0.68, a level that aligns with previous demand zones.

Source: X

Despite the bearish outlook, Cardano whales have been aggressively accumulating, adding 420 million ADA since Donald Trump’s announcement about the US Crypto Reserve, including altcoins like XRP, ADA, and SOL. Analysts believe that if bullish momentum sustains, ADA price could rally toward $12, marking a long-term breakout.

Advertisement

Trend Reversal or Further Decline?

A sustained move above the $0.85–$0.90 range could signal a potential shift in momentum, possibly reversing the bearish outlook. If Cardano price manages to break above this resistance, it could regain bullish strength and attract renewed buying interest. However, the downward-sloping trendline continues to act as a strong barrier, limiting upward movement.

In contrast, if the current selling pressure persists, ADA may struggle to hold its support. A confirmed break below $0.76 would likely lead to additional downside moves, potentially testing $0.70 or lower. The declining trading volume further indicates weak buyer participation, which may hinder any immediate recovery efforts.

Advertisement

Analyst Ali Martinez Weighs In

Analyst Ali Martinez has also provided insights into the current Cardano price action. According to his latest analysis, ADA is consolidating within a descending triangle pattern, which is often considered a bearish continuation structure. His analysis suggests that the breakout direction will determine the next major price movement, with potential for a 33% price swing.

Source: X

Martinez emphasizes that if Cardano price breaks below key support, further losses could follow. However, if buyers manage to push the price above the descending trendline, it could spark an altcoin rally, leading to a strong recovery.

In the meantime, Cardano investors remain optimistic, closely watching for a breakout above the $1.14 resistance level to confirm a rally toward $2. Despite the recent price dip, analysts highlight the right-angled descending broadening wedge pattern as a bullish signal. With Cardano price inclusion in the U.S. crypto stockpile, market sentiment remains strong.

Advertisement

Share
Ronny Mugendi

Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

Coinbase CEO Says Market Structure Bill Will Pass by Year-End Despite Government Shutdown

Coinbase CEO Brian Armstrong has said he expects the long-awaited U.S. crypto market structure bill…

October 24, 2025
  • News

Breaking: Trump To Meet China’s President On October 30, Bitcoin Bounces

Bitcoin surged above $111,000 after confirmation that President Donald Trump and Chinese President Xi Jinping…

October 23, 2025
  • News

Breaking: Trump Pardons Binance’s Changpeng “CZ” Zhao, BNB Spikes

U.S. President Donald Trump has reportedly pardoned Binance founder Changpeng "CZ" Zhao for his conviction…

October 23, 2025
  • News

Peter Schiff Challenges Binance Founder CZ to Debate as Bitcoin Vs. Gold Rivalry Heats Up

Bitcoin critic and renowned economist Peter Schiff has challenged Binance co-founder Changpeng "CZ" Zhao to…

October 23, 2025
  • News

Robinhood Lists HYPE As Hyperliquid Flips CZ Backed Aster In Perp DEX Volume

Crypto exchange Robinhood has listed Hyperliquid's native token HYPE for its U.S. clients. This comes…

October 23, 2025
  • News

Expert Warns More Crypto Bloodbath Ahead of CPI Data Tomorrow

The U.S. Bureau of Labor Statistics (BLS) will release the Consumer Price Index (CPI) data…

October 23, 2025