Cardano (ADA) fell more than 4% during intraday trading, slipping to $0.14 after breaching the key support zone between $0.148 and $0.150. Analysts now see this range as a near-term resistance area. If ADA fails to reclaim and hold above this band, selling pressure could intensify.
Short-term selling pressure intensifies, buyer momentum fades
ADA fluctuated within the $0.14-$0.15 range but remained stuck near the lower end, signaling a lack of short-term buying momentum and persistent bearish pressure. Analysis shared by BullifyX highlights that the $0.148-$0.150 band is now monitored as the first resistance zone. Reclaiming this area could open a path toward $0.155 and $0.161. However, as long as prices stay under $0.150, the risk of a drop toward $0.136 and $0.127 remains elevated.
Fibonacci extension levels point to lower targets
Technical analysis by Crypto CCK, based on a 4-hour chart, indicates ADA has fallen below the $0.1516 Fibonacci extension level. The next downside targets are $0.1369 and $0.1278. The same chart notes that regaining the $0.1619 level is a critical recovery threshold. Without a breakout above that, ADA's short-term structure remains evidently weak, making further consolidation or sell-offs likely.
Broader trend remains bearish, security incident weighs
A monthly chart from Overkill Trading reveals ADA continues its downward momentum, hovering near $0.140 with a clear pattern of lower highs and lower lows — a hallmark of a sustained bearish trend. Monthly technical indicators remain weak, and analysts stress that minor rebounds are unlikely to trigger a trend reversal. A meaningful recovery would require ADA to surpass key resistance zones. Adding to the fragile sentiment, news of a security breach linked to SecondFi has amplified market concerns, creating additional downward pressure on ADA.
Key support and resistance levels in focus
According to analysts, the most crucial near-term support cluster sits between $0.138 and $0.140. Preserving this region could allow ADA to attempt a return to the $0.148-$0.150 resistance area. If prices slip below $0.1369, the $0.1278 level becomes vital support. Failure to defend that zone could expose ADA to an extended risk of dropping toward $0.120 — a much broader danger zone.