Usman Salis
ADA just can't catch a break. After getting slammed at resistance once again, Cardano is showing all the signs of a token ready to test lower levels. The question is whether this spells trouble or sets up the next big buying opportunity.
Technical Picture: The Numbers Don't Lie
Trader Sssebi called out the daily RSI weakness that's got everyone's attention - if this momentum keeps up, we could see ADA slide into the low $0.70s or even high $0.60s.
Right now ADA is sitting around $0.79, which tells the whole story of this recent pullback. The token keeps smashing its head against that $0.90-$1.00 ceiling and just can't break through. The daily RSI is trending down with plenty of room to hit oversold territory if sellers stay in control. Immediate support sits at $0.75, but the real test comes if we drop toward that $0.68-$0.70 zone where stronger hands might finally step in.
The headwinds are coming from all directions. The broader crypto market is stuck in consolidation mode as everyone waits for the next big catalyst from U.S. inflation data or Fed policy shifts. Meanwhile, Ethereum is hogging all the attention and liquidity, leaving altcoins like ADA fighting for scraps. That technical rejection at $0.90-$1.00 isn't helping either - it's starting to look like a real ceiling that bulls just can't crack.
Key Levels to Track
Here's what matters right now:
- Support: $0.75 first, then the critical $0.68-$0.70 zone
- Resistance: That stubborn $0.90 level that keeps rejecting every rally attempt
- RSI: Watch for oversold readings that could signal a bounce
Short-term traders should brace for more pain as ADA likely heads into the $0.70s. But for patient long-term holders, this could be exactly the kind of dip that sets up the next major move higher. If RSI hits oversold and buyers finally show up, don't be surprised to see ADA rocket back toward $0.90 faster than anyone expects. Sometimes the best opportunities come disguised as the worst setups.
Usman Salis
