Cardano price action continues to reflect heavy pressure as technical weakness, declining derivatives activity, and cautious spot flows shape near-term expectations. While broader crypto markets remain volatile, Cardano shows limited signs of immediate recovery on lower timeframes. At the same time, comments from its founder highlight long-term conviction despite deep market losses, adding a contrasting narrative to current price behavior.
Cardano Price Structure Signals Ongoing Pressure
On the 4-hour chart, Cardano remains locked in a clear short-term downtrend. The price continues to set lower highs and lower lows. Besides that, $ADA trades below a descending volatility channel, confirming sustained selling interest.
Trend strength remains elevated, with ADX near extreme levels, showing that bears still control momentum. Hence, traders continue to treat rebounds as corrective rather than trend-changing.
Immediate support sits near the $0.25 region, where price may attempt a brief stabilization. However, a failure to hold this zone exposes the prior breakdown area near $0.236. Consequently, a deeper slide could test the cycle low around $0.22.
Related: Solana Price Prediction: SOL Downtrend Deepens Despite Slowing Sell Pressure
On the upside, resistance layers remain stacked. The $0.265 zone caps early rebounds, while the $0.286 area marks the first level needed to reduce downside pressure. A broader trend shift would require a sustained move above $0.30, which remains distant.
Derivatives Reset and Spot Flows Reflect Risk Aversion
Open interest data suggests the derivatives market has already absorbed much of the recent stress. During prior rallies, leveraged positions expanded rapidly, pushing open interest above $1.8 billion.
However, sharp liquidations followed each surge. Recently, open interest dropped closer to $500 million, even as price hovered near local lows. Significantly, this contraction suggests leverage flushed out, reducing forced selling risk.
Spot flow data reinforces the cautious tone. Persistent net outflows dominate most sessions, showing steady distribution rather than accumulation. Additionally, inflow spikes appear brief and fail to change the broader direction. As a result, the market reflects defensive positioning, where buyers remain selective and sellers use rallies to exit exposure.
Hoskinson Stresses Commitment Despite Losses
Amid the downturn, Charles Hoskinson addressed market sentiment during a livestream. He stated that he has endured losses exceeding $3 billion but remains committed to Cardano’s mission.
Moreover, he emphasized that long-term development, not short-term profit, drives his involvement. He also highlighted ongoing progress across Cardano’s infrastructure, governance, and commercialization roadmap.
Technical Outlook for Cardano ($ADA) Price
Key levels remain clearly defined as Cardano trades within a firm short-term downtrend on the 4-hour chart.
Upside levels sit at $0.2620–$0.2650 as the first recovery hurdle. A sustained push above this zone could open room toward $0.2730–$0.2750, followed by $0.2860–$0.2900, which marks the key supply area. A decisive reclaim of $0.3040–$0.3060, near the 0.382 retracement, would be required to signal a broader trend shift.
On the downside, immediate support rests at $0.2500–$0.2480, where short-term stabilization may occur. Failure to hold this zone exposes $0.2360–$0.2320, the prior breakdown region. A loss of that level risks extending losses toward $0.2210–$0.2200, the current cycle low and major structural support.
The technical picture suggests $ADA remains under sustained bearish control, with price trading below its descending volatility channel. Trend strength remains elevated, favoring continuation unless invalidated by a strong reclaim of resistance.
Will Cardano Go Up?
Cardano’s near-term price outlook depends on whether buyers can defend the $0.2500 area long enough to challenge the $0.2650–$0.2750 resistance cluster. Continued compression within the downtrend points to heightened volatility ahead.
If bullish momentum builds alongside stronger spot demand, $ADA could attempt a recovery toward $0.2860. However, failure to hold $0.2360 would likely reinforce downside pressure and expose $0.2200. For now, $ADA remains at a pivotal zone, with confirmation needed before the next directional leg.
Related: Shiba Inu Price Prediction: SHIB Recovers 15% From Crash Low While Bitcoin Slides Under $65K
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
coinedition.com