Usman Salis
⬤ Cardano has fallen back to a major support level on the daily chart, revisiting price zones that have historically marked important turning points in previous cycles. ADA has reentered this long-term structural area following steady declines, with the asset currently trading around $0.4622. The chart reveals a months-long downtrend, with recent price action pushing lower as overall sentiment in the altcoin space remains weak.
⬤ Data from Binance shows ADA dropped 4.44 percent in the last 24 hours, hitting a daily low of $0.4587 and a high of $0.4984. The token is down 5.01 percent on the current daily candle. Looking at the broader picture, ADA has been losing steam for several months, breaking below both short-term moving averages and the longer MA(99) line sitting at $0.762. Earlier in the cycle, the price shot up toward $1.32, but since then we've seen consistently lower peaks as sellers have taken control throughout 2025.
⬤ Market observers point out that this area represents a long-term support zone, even though watching the decline in real-time hasn't been pleasant. The chart shows how ADA previously spent time consolidating at similar price levels before launching meaningful recoveries earlier in the cycle. The breakdown below the MA(25) at $0.5847 and MA(7) at $0.5311 confirms the current bearish setup, while falling volume and repeated lower swing highs signal an extended cooling-off period. This return to historical support aligns with the view that cycle resets typically happen at these levels after extended periods of weakening momentum.
⬤ This situation matters because long-term structural price levels tend to significantly influence how traders and investors think about an asset, especially during prolonged downtrends. How ADA behaves at its current price relative to these historical zones could shape expectations around volatility, the possibility of a bounce, or further price compression in the coming weeks. With Cardano now retesting a deep support region, what happens here could set the tone for the wider altcoin market as conditions continue to develop.
Usman Salis
