The post How Will The Cardano Price Fare If Multi-Year Support Line Fails – Is Remittix a Worthy Alternative? appeared on BitcoinEthereumNews.com.

Cardano is back in the spotlight as traders ask if this DeFi project still belongs on any “best crypto to buy now” list after the latest market shock. In the past week Bitcoin has slipped to close to $84,000 – a six month low – before rebounding to approach its current resistance level at $94,000. In the same time period other majors like Ethereum, XRP and other top altcoins have followed a similar path. The Cardano price has not been immune to the wider market volatility and hit a 12 month low of $0.38 on December 2nd before recovering to its current resistance at $0.45 today. In such a market climate a breakdown below the current ADA price has the potential to prompt investors to shift focus toward emerging projects like Remittix, where tangible payment capabilities are already being established. The big question now is simple. Does Cardano hold this multi-year base and bounce, or does money looking for the next big altcoin accelerate into payment-focused projects such as Remittix that already have a live wallet beta and fast-growing demand? Cardano price sits on fragile multi-year support Cardano’s recent price action presents an asset under sustained downward pressure, it slip to $0.38 tested a multi-year ascending support line that has historically marked every major cycle bottom. The debate now among traders is whether ADA is can stabilize or extend lower into the $0.30 region, a zone that has repeatedly surfaced in earlier analyses such as those examining a potential move toward deeper liquidity pockets near $0.25–$0.30. Cardano touched $0.38 earlier this month, before a rebound to $0.45 – mirroring wider market moves. Cardano price source: Brave New Coin ADA market data. Similar retests have produced forceful bullish reversals, but current conditions differ as weakening market structure and softer bid support…

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Filed under: News - @ December 4, 2025 7:24 am