【Is ADA in Trouble? Falling Below Key Channel Could Plunge to $0.54!】

In May, according to reports from the Crypto King’s official account, technical charts are flashing red lights. Cardano (ADA) has been under pressure and has failed to break through the upper boundary of the descending channel that has dominated the trend since the end of 2024, with the bears firmly in control of the movement.

Analyst Ali warns that if the selling sentiment does not decrease, ADA may soon plunge to $0.63, or even test the $0.54 support level. This key level is situated right near the lower edge of the channel and the Fibonacci retracement line, serving as the last line of defense for the bulls.

Currently, the overall altcoin market is sluggish, and the macroeconomic uncertainty combined with Bitcoin's strengthening is crowding out funds, making ADA appear even weaker. Traders need to closely monitor the key support levels; if lost, it could trigger a new wave of downward momentum. Conversely, if a strong breakout from the channel occurs, the short-term trend may see a reversal of fortune. The altcoin battle has begun; can ADA make a comeback?