The post Will It Crash Below $0.383? appeared on BitcoinEthereumNews.com.

Key Insights: ADA trades at make-or-break support—losing $0.383 could trigger a deeper move to $0.347. Long-term structure holds, but $0.30 must remain intact to keep bullish outlook on track. Break above $1.20 remains the target for bulls eyeing a long-term trend reversal in ADA. ADA on the Edge: Will It Crash Below $0.383? Cardano (ADA) was trading at $0.3942 after falling 2.38% in the last 24 hours. Despite the daily decline, the price has gained over 13% in the past week. ADA is currently in a correction phase, following a recent move higher earlier this month. The 4-hour chart shows a retracement unfolding, with the price pulling back after reaching a local high. Support is being tested near $0.383. If this level breaks, the next area to watch is $0.347, which aligns with a key Fibonacci retracement zone. Market watchers are closely observing these levels.  As shared by Man of Bitcoin,  “A break below would likely send prices toward the descending trendline.” Source:  Man of Bitcoin/X Key Support Zone Holds on Larger Timeframes On the 2-week chart, ADA was trading just above a strong support range between $0.38 and $0.28. This area has held firm since mid-2022 and has seen repeated buying interest. The chart pattern shows the price holding a long-term ascending trendline, suggesting that the structure remains intact. There is also a symmetrical triangle forming, with the price compressing between rising support and falling resistance from previous highs. As long as ADA remains above $0.30, the broader setup stays in place. CryptoPatel noted that this structure reflects a phase of accumulation. $ADA PRICE FORECAST | IS $10 POSSIBLE? | CRYPTOPATEL#ADA Is Holding A High-Timeframe Accumulation Zone On The 2W Chart After A Deep Multi-Year Correction From The 2021 ATH. Structure Continues To Suggest Smart Money Re-Accumulation. Current Technical…

---

Filed under: News - @ January 8, 2026 6:20 pm