Cardano’s Recovery Stalls as Key Resistance Keeps ADA on Edge
Cardano’s ADA is showing signs of stabilization on the daily chart after a recent pullback, but the technical picture remains fragile. While bearish momentum is easing, price action continues to sit below important resistance levels, limiting the scope for a sustained recovery.
Momentum indicators suggest selling pressure is becoming less aggressive rather than fully reversing, pointing to consolidation rather than a clear trend shift. Moving averages remain overhead, reinforcing the view that recent bounces have been corrective in nature. On the upside, ADA needs a convincing break above near-term resistance to improve sentiment, while failure to do so keeps sellers in control.
On the downside, support in the broader $0.38–$0.40 range remains critical. A decisive loss of this zone could expose deeper downside risk, while continued defense would keep ADA range-bound as traders wait for a clearer catalyst. For now, Cardano appears stuck in a cautious holding pattern, with support and resistance defining near-term trading conditions.
