Cardano is starting to lose its footing after another failed attempt to push higher. The recent move off support lacked strength, and now the price is sliding back toward familiar lows. Momentum has shifted, the setup is beginning to look fragile, and sentiment is turning cautious as key levels come back into focus.

Cardano is trading around $0.55, down -5.83% in the last 24 hours. Source: Brave New Coin

Cardano At Make or Break Level

Cardano is now standing down in one of the most important levels in recent days. According to Coin Bureau Trading, ADA is approaching high-time-frame support at $0.49, a zone that represents both the point of control and the highest volume node within its current trading range. This isn’t just a random level; it’s a structural pivot that has historically separated bullish continuation from full breakdown.

ADA Cardano price approaches critical support at $0.49, a key structural level that could define its next major trend. Source: Coin Bureau Trading via X

If this $0.49 level holds, the upside target opens toward $1.19, aligning with prior macro highs and liquidity gaps. But if ADA slips below this support, especially with volume, it could trigger a fast move down to the $0.30 region, where previous capitulation zones lie.

Cardano Price Faces Pressure Below Descending Trendline

Building on the critical $0.49 level identified earlier, new analysis from Man of Bitcoin adds more caution to the short-term picture. ADA remains stuck under a descending trendline, and as long as it stays capped there, price action looks biased for at least one more sweep lower. The chart highlights a possible wave structure pointing towards a low in the $0.510 to $0.505 range, right in the green demand zone.

ADA below a descending trendline, with Fibonacci targets hinting at further downside into key demand zones. Source: Man of Bitcoin via X

Technically, the area between the 1.236 and 1.38 Fibonacci levels lines up with the previous breakdown target zones. Now, until a bottom forms, price structure remains tilted toward lower lows unless bulls can reclaim the trendline with momentum.

ADA Slides to 8th in Grayscale’s Weekly

Cardano has dropped to the 8th position in Grayscale’s latest 1-week returns snapshot, logging a -9.4% decline. While the broader market saw red across the board, ADA stood out on the weaker end of performance. This drop aligns with what’s playing out on the chart: ADA is hovering just below the $0.50 zone.

Cardano’s ADA drops -9.4% and falls to 8th in Grayscale’s weekly returns. Source: Angry Crypto Show via X

Technical signals remain under pressure. Price continues to reject descending trendlines, and bearish wave structures are still active, suggesting momentum is poised towards the downside. Unless buyers step in soon, ADA risks slipping further, not just in price, but also in its place among the majors.

Cardano Breakdown Eyes April Low Retest

Cardano’s bounce attempt has failed once again. After a brief reaction off support, ADA couldn’t build momentum and is now slipping back into its broader downtrend. According to analyst AlienOvichO, price action remains heavy, and the lack of follow-through leaves ADA vulnerable to a retest of its April lows.

Cardano struggles to hold ground as breakdown risks mount, with eyes now on a potential retest of April’s low. Source: AlienOvichO via X

Right now, there’s no clean reversal setup in play. A confirmed break below April’s low could open the door to deeper downside, potentially targeting the $0.41 area. On the flip side, only a sharp bounce and trendline reclaim would revive any real bullish case for the ADA Cardano price.

Final Thoughts: Is ADA Lining Up For A Major Dip?

Cardano is clearly at a crossroads. The failure to rally from key support has tilted momentum back to the downside, and the lack of any strong reversal signal means traders are now eyeing a retest of the April lows. If $0.45 breaks, $0.41 isn’t far off, and from a structural standpoint, that’s a level that could trigger a sharper drop if confidence fades further.

That said, ADA still has room to defend itself. Bulls need to show up now, or risk losing further support in the process. Until ADA Cardano price sees a decisive reclaim of the descending trendline and some volume behind it, the trend remains under pressure.

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Filed under: Bitcoin - @ June 22, 2025 9:00 pm