The post Cardano Slumps Above Its Key $0.38 Support appeared on BitcoinEthereumNews.com.

// Price Reading time: 2 min Published: Jan 13, 2026 at 20:45 Updated: Jan 13, 2026 at 20:54 Cardano (ADA) has lost its bullish momentum, falling below the 50-day SMA support. ADA price long-term forecast: bearish
The cryptocurrency is currently trading above the 21-day SMA support but below the 50-day SMA barrier. In other words, the price is trapped between the moving averages. ADA has dropped to a low of $0.386 as it bounces between the moving average lines. If the bears breach the 21-day SMA support, ADA could fall back to its previous low of $0.330.

In contrast, if buyers keep the price above the 50-day SMA barrier, ADA will rise and return to the earlier highs of $0.44 and $0.48. Meanwhile, the price has remained relatively stable within its narrow range.

Technical Indicators

Key Resistance Zones: $1.20, $1.30, and $1.40

Key Support Zones: $0.90, $0.80, and $0.70

ADA price indicators analysis
The price bars have fallen between the downward-sloping moving averages. The decline has been sluggish due to the formation of Doji candlesticks. On the 4-hour chart, the price bars are positioned below the horizontal moving average lines.

What is the next move for Cardano?
Cardano is in a sideways trend after rebounding above the $0.38 support level on January 8. The cryptocurrency is currently trading in a narrow range, above the $0.38 support but below the $0.40 high.

Now, the altcoin is approaching the current support level of $0.38. If this support is maintained, the price range will remain unchanged. If the altcoin breaks below the current support level, it will fall to a low of $0.33.

Disclaimer. This analysis and forecast are the personal opinions of…

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Filed under: News - @ January 13, 2026 9:23 pm