Cardano Faces Pressure: Price Below $1 Tests Critical Supports

Cardano (ADA) price remains below $1, down over 20% in the past month. The cryptocurrency is currently trading between $0,78 and $0,87, with technical indicators suggesting a lack of clear momentum. for an uptrend or downtrend. The Average Directional Index (ADX), used to measure trend strength, has been at 11,49, indicating weakness since Dec. 24. Readings below 20 suggest the downtrend is not strong enough to sustain steeper declines in the near term.

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This dynamic could lead to a period of price consolidation, where the asset remains sideways while investors await clearer signals about the next direction. The stability of so-called “whale addresses” – those holding between 10 million and 100 million ADA – reinforces this expectation. These large investors have kept their holdings relatively stable since December 18, after a significant increase earlier in the month. The cautious stance suggests that there are no aggressive buying or selling moves by these participants, which usually limits volatility.

Critical support zones for ADA lie between $0,8366 and $0,6683, where over 223 wallets have purchased around 1,97 billion tokens. This is a key demand point, providing a buffer against further declines. Should the support in the $0,77 to $0,68 range be broken, the price could retreat to $0,46, representing a loss of up to 46%. On the other hand, if the price breaks the resistance at $0,87, the next target could be $1,04, representing a gain of 23,8%.

At the time of publication, the price of Cardano was quoted at US$0,9263 with an increase of 9.2% in the last 24 hours.

The recent surge in activity from large investors, who acquired over 20 million ADA in two days, can be interpreted as a sign of confidence in the asset. The trading volume, which reached $917 million, also points to growing interest in the market, increasing the chances of a recovery in the short term.