On October 12, 2025, Cardano (ADA) price fell sharply across major exchanges. The slide pulled the token below short-term trend averages and key intraday areas.
This report referenced chart levels at the time of writing. All values appeared as rounded figures.
Cardano Price Tested Resistance After a Sharp Intraday Drop
Sellers drove ADA price lower during the session and forced a quick reassessment. The move broke beneath clustered short-term moving averages on several time frames.
A moving average shows the average closing price over a set period. Traders used it to identify trend direction and potential support or resistance.
After the break, traders searched for nearby retracement levels to gauge strength. The zone between $0.67 and $0.70 served as first resistance to reclaim.
A stronger ceiling sat near $0.75, where prior attempts stalled. A firm close above that mark would have signaled improving momentum.
Traders also tracked where volume concentrated during earlier consolidations. That area clustered around $0.58 to $0.55 and marked the next support band.
A clean rebound from that band would have hinted at base building. Failure there would have exposed lower pockets from past ranges.
Price action shaped a binary setup for short-term participants. Either buyers reclaimed resistance and stabilized the range, or sellers pressed lower.
The structure on higher time frames still looked orderly, not broken. The weekly chart continued to show a broad sideways-to-up bias.
Liquidity shifted around prior swing highs and lows during the session. That behavior often accompanied shakeouts that reset positioning before trend decisions.
Analysts’ Views and Sentiment After the Pullback
Analyst Sssebi said the pullback looked temporary in posts on X. He noted a potential rebound path toward around $0.80 within weeks.
Community voices cited ongoing development as a supportive factor. Participants pointed to progress on scaling efforts such as Hydra and Mithril.
Staking participation remained a frequent talking point in forums and threads. Posters viewed consistent staking as a sign of long-term commitment to ADA.
The tone stayed analytical rather than celebratory following the drawdown. Contributors debated whether the move looked like a shakeout or a trend change.
Several traders preferred to wait for confirmed levels before acting. They highlighted the $0.67–$0.70 zone and the $0.75 ceiling as pivotal.
Others watched the $0.58–$0.55 area for potential absorption of supply. They stressed that a clean defense there would have reduced downside risk.
Analysts framed the discussion around conditional triggers, not fixed predictions. They tied outlooks to reclaiming resistance or holding support on closing bases.
The conversation also noted broader market context around large tokens. Heavy swings in majors often influenced ADA intraday flows and liquidity.
Cardano Price Outlook Over the Next Several Weeks
Elliott Wave practitioner CaptToblerone shared a scenario on X. He argued the decline fit a corrective leg within a larger impulsive advance.
Elliott Wave maps crowd psychology into repeating trends and pullbacks. Practitioners look for a series of advances separated by corrective moves.
His chart referenced support near $0.58, aligned with a Fibonacci retracement. A Fibonacci retracement marks potential support based on proportional pullbacks.
He said a move above about $0.80 would have confirmed trend extension. That confirmation would have opened room toward a $2 to $4 long-term zone.
The projection depended on the corrective leg holding firm around identified support. A sustained break below $0.55 would have challenged the scenario’s validity.
The near-term roadmap remained straightforward and level-driven. Buyers needed to reclaim $0.67–$0.70 first, then close above $0.75.
That sequence would have shifted the structure toward a neutral accumulation range. It also would have suggested that sellers lost control of the short-term tape.
If price failed at those checkpoints, sellers retained the initiative. In that case, traders would have focused on the $0.58–$0.55 defense.
Analysts kept their focus on evidence rather than assumptions. They cited closes, reactions at levels, and volume as primary signals.
The path forward depended on how ADA behaved at these bands. Clear responses at resistance and support offered the most objective guideposts.
A confirmed reclaim would have supported range stability into later sessions. A clean rejection would have argued for further probing of lower levels.
The market stayed volatile but readable through these defined references. Traders tracked each test to judge whether supply or demand held the edge.
Source: https://www.thecoinrepublic.com/2025/10/12/cardano-price-prediction-4-in-the-works/