Cardano price is struggling below $0.35 trendline resistance as bearish momentum persists, with traders watching the $0.30–$0.35 support zone for signs of a potential base or further downside.
Cardano price is back under pressure as the price continues to stall below the descending trendline resistance near $0.35. Despite several short-lived bounces, buyers have yet to show conviction, leaving the near-term structure skewed to the downside.
This hesitation comes as ADA trades near the lower end of its multi-month range following a prolonged drawdown from its 2021 high. While longer-term support levels are beginning to attract attention, the broader technical picture suggests that any recovery attempts remain vulnerable unless key resistance is reclaimed.
Trendline Resistance Signals Short-Term Risk
On the short-term chart, analyst Kamran Asghar highlighted that ADA is facing descending trendline resistance, with bearish pressure building near the $0.35 area. His analysis suggests that repeated rejection from this trendline increases the likelihood of downside continuation if buyers fail to regain control.
Cardano’s ADA continues to face selling pressure near descending trendline resistance around $0.35, reinforcing short-term downside risk as lower highs persist. Source: Kamran Asghar via X
The chart shows ADA printing lower highs, a classic sign of weakening momentum. As long as price remains capped below the trendline, rallies risk being sold into rather than developing into sustained recoveries. In this context, rejection at current levels could expose ADA to renewed tests of lower support zones. This setup keeps short-term bias tilted towards caution, especially as broader market conditions remain mixed.
Cardano Daily Structure Remains Bearish
Further reinforcing the bearish outlook, data shared by CardanoMentor shows ADA trading well below its major daily moving averages. The chart reflects a prolonged downtrend, with price unable to reclaim the 50-day or 200-day averages, a condition typically associated with bearish continuation.
Momentum indicators on the daily timeframe remain weak, suggesting limited buying strength despite occasional relief bounces. As long as ADA remains below these averages, downside risk persists, and any upside attempts may struggle to gain momentum.
ADA continues to trade below key daily moving averages, signaling sustained bearish structure and limited upside momentum. Source: CardanoMentor via X
Loss of Top-10 Market Cap Shows Weakness
Adding to the pressure, analyst Yazan pointed out that Cardano is no longer a top-10 cryptocurrency by market capitalization, a development that reflects prolonged underperformance relative to peers.
While market cap rankings alone do not determine future price direction, they often influence sentiment and capital rotation. ADA’s slide down the rankings underscores the lack of sustained demand and highlights the challenges facing the asset in regaining investor confidence in the short term. This sentiment backdrop aligns with the current technical weakness seen on the charts.
ADA slips out of the top-10 cryptocurrencies by market capitalization, highlighting prolonged underperformance and weak investor demand. Source: Yazan via X
Bulls Hopeful of Holding Weekly Support at $0.35-$0.30
On the higher timeframe, Cardano is trading inside a well-defined long-term support range between $0.30 and $0.35, a zone that has repeatedly acted as a demand base across multiple market cycles. This region coincides with prior consolidation from late 2020 and early 2023, making it technically significant rather than arbitrary.
Analyst Hardy highlighted this area as a structural accumulation zone, noting that price is currently compressing near the lower end of its multi-year range. His chart shows ADA repeatedly finding support above the $0.30 handle, suggesting that sellers are losing momentum as price revisits historically defended levels.
ADA compresses within a long-term support range between $0.30 and $0.35, an area analysts view as a potential accumulation zone if weekly support continues to hold. Source: Hardy via X
From a technical standpoint, a sustained hold above $0.30 keeps the broader base-building structure intact. A clean break below this level, however, would invalidate the accumulation thesis and expose ADA to deeper downside towards the $0.25 to $0.22 region, where the next major historical demand zone sits.
On the upside, the first meaningful sign of recovery would be a reclaim of the $0.38 to $0.40 resistance band, followed by acceptance above the $0.45 level.
Cardano Price Analysis
Cardano remains under pressure below trendline resistance near $0.35, keeping the short-term structure tilted bearish. Repeated rejections from this level suggest sellers are still in control, and as long as ADA Cardano price below this zone, upside attempts are likely to remain capped. On the downside, immediate support sits at $0.33 to $0.32, with a breakdown opening the door towards $0.30, a key psychological and technical level. A daily close below $0.30 would expose deeper downside risk towards $0.28 to $0.27.
For any recovery to gain momentum, ADA must reclaim $0.35 and then push above the $0.38 to $0.40 resistance band, which marks prior breakdown support and overhead supply. A sustained move above this region would improve momentum and shift focus towards $0.44–$0.46. Until those levels are reclaimed, price action remains corrective, with market watchers likely watching reactions around $0.33 and $0.30 for direction.
Final Thoughts: Is Cardano Near a Long-Term Base?
Cardano’s short-term outlook remains cautious, with bearish structure and resistance overhead continuing to cap price. Trendline rejection and weak momentum suggest that downside risks are still present in the near term.
However, longer-term charts are signaling a different story. The presence of a historically significant accumulation zone suggests that ADA may be transitioning from distribution into base-building. Whether this zone ultimately marks a durable bottom will depend on how Cardano price behaves here.