The price weakness of ADA is intensifying as Hoskinson calls for a focus outside of "red days"
The price movement of Cardano continues to reflect strong pressure, as technical weakness, declining derivatives activity, and cautious spot flows shape short-term expectations. While broader crypto markets remain volatile, Cardano shows limited signs of immediate recovery on lower timeframes. At the same time, the founder's comments emphasize long-term conviction despite deep market losses, adding a contrasting narrative to the current price behavior.
The price structure of Cardano signals ongoing pressure
On the 4-hour chart, Cardano remains in a clear short-term downward trend. The price continues to set lower highs and lows. Additionally, #ADA is trading below the descending volatility channel, confirming sustained selling interest.
The strength of the trend remains high, with $ADX close to extreme levels, indicating that bears still control the momentum. Therefore, traders continue to view bounces as a corrective factor rather than a trend changer.
Immediate support is around 0.25💲, where the price may attempt to stabilize temporarily. However, failing to hold this zone opens the area for a potential breakout around 0.236💲. As a result, a deeper decline may test the cyclical low around 0.22💲.
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