The post Can It Hold $0.276 Support? appeared on BitcoinEthereumNews.com.

Key Insights: ADA holds a critical support zone, but a drop below $0.276 could trigger deeper losses fast. The bullish engulfing candle on the 12H chart sparks hopes for bounce, but confirmation is lacking. Weekly indicators stay bearish, with RSI near oversold and MACD showing continued downside momentum. ADA Near Breaking Point: Can It Hold $0.276 Support? Cardano (ADA) was trading around $0.3523 and remains above a key support level near $0.345, which corresponds to the 78.6% Fibonacci retracement. This area, extending down to $0.313, has served as a support zone in past market cycles. The price continues to trade within this range, suggesting some buyers are still active. Despite recent downward pressure, ADA has not yet breached the $0.276 level. This price point is considered an important threshold. A break below it could shift the trend further downward and may lead to deeper losses. Holding above it keeps the possibility open for a short-term recovery. Weekly Trend Shows Persistent Weakness On the weekly chart, ADA has been moving lower for several consecutive weeks. The current price reflects a 3.7% drop since the start of the week. Price action remains soft, and the chart shows no clear signs of trend reversal. Momentum indicators also suggest continued weakness. The RSI is hovering near 31.48, which is close to oversold levels. While this level often attracts attention, there is no clear sign of buying strength yet. The MACD remains in negative territory, and the signal line continues to track above the MACD line. Though the histogram bars are beginning to shrink, that alone is not enough to confirm any shift in momentum. Source: TradingView  Short-Term Pattern Suggests Possible Bounce A recent 12-hour candlestick shows a bullish engulfing formation. This occurs when a green candle fully overtakes the previous red candle’s range. The…

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Filed under: News - @ December 27, 2025 8:09 am