Usman Salis
Cardano (ADA) finds itself in a precarious position after facing rejection near the $0.90-$0.95 resistance zone. The token's recent price action suggests bulls are losing control, raising concerns about whether current support levels will hold or give way to further selling pressure.
Cardano (ADA) Price Faces Critical Rejection Zone
Market rejection hit Cardano hard during the broader crypto pullback, leaving ADA trading at $0.848 with minimal gains of 0.12%. The token struggled to break through the crucial $0.90–$0.95 resistance area, where sellers stepped in aggressively.
A recent social media analysis highlighted ADA's deteriorating technical structure, suggesting the bearish pattern may continue. If current support fails, analysts expect a decline toward $0.80 or lower, representing significant downside risk for holders.
Technical Breakdown Signals Trouble for Cardano (ADA) Price
Chart analysis shows Cardano broke down from a triangle pattern, sliding beneath the critical $0.90 support level. The RSI indicator confirms weakening momentum, pointing to continued selling pressure ahead.
If ADA fails to defend $0.848 support, the next target becomes $0.80 – roughly 6% lower from current levels. However, a decisive reclaim of the $0.90–$0.95 zone could quickly shift sentiment back to bullish, setting up Cardano for a potential recovery rally.
Usman Salis
