Cardano (ADA) Struggles as Bears Take Control: What’s Next?
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Cardano (ADA) is facing renewed bearish pressure, with its price movement forming a descending triangle pattern—an indication of potential further declines. The cryptocurrency is struggling below key resistance levels, and traders are closely monitoring its ability to hold critical support zones.
Will Cardano$ADA Hold Key Support?
Crypto analyst Winghaven Crypto recently highlighted that Cardano has broken below a symmetrical triangle on the 4-hour chart, confirming a bearish trend. This breakdown suggests that selling momentum is gaining strength, increasing the likelihood of ADA testing lower support levels.
Currently, ADA is facing strong resistance at $0.85, a level where previous price rejections have occurred. If the price fails to reclaim this level, the chances of further downside movement increase. On the downside, immediate support lies at $0.76, which has acted as a critical price floor in recent sessions. A breach of this level could trigger a deeper decline toward $0.68, aligning with historical demand zones.
Whale Accumulation and Potential Reversal
Despite the bearish sentiment, large investors (whales) have been accumulating ADA aggressively. Since Donald Trump’s recent announcement regarding the US Crypto Reserve, which includes altcoins like ADA, XRP, and SOL, whales have added 420 million ADA to their holdings. This signals confidence in the asset’s long-term potential.
A decisive move above the $0.85–$0.90 resistance range could indicate a shift in momentum. If $ADA manages to break above this zone, it could regain bullish strength and attract renewed buying interest. Some analysts even predict a long-term rally toward $12 if bullish momentum sustains.
More Downside Ahead?
On the flip side, if ADA fails to hold above $0.76, sellers could push the price lower, possibly testing the $0.70 mark or even lower. Declining trading volume also suggests weak buyer participation, which could hinder any immediate recovery attempts.
