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Cardano remains in a bearish daily trend with Supertrend resistance active overhead and Stochastic showing fading momentum near oversold.
Cardano ($ADA) is trading at $0.2648, down 4.2% in the last 24 hours, with a tight 24-hour range between $0.2589 and $0.2772. The live chart reveals a sharp vertical sell-off in recent hours, followed by a modest recovery attempt that has pushed the 1-hour performance into positive territory (+0.9%).
Despite the brief bounce, broader momentum remains firmly bearish: $ADA is down 4.9% over the past week, 26.5% in the last 30 days, and a punishing 65.5% over the past year.
The longer-term view shows Cardano trapped in a multi-year downtrend since its 2021 highs, with the current price action testing critical lower support near the $0.26 zone. Volume has remained relatively stable, but the steep 30-day decline signals sustained selling pressure across the market.
With a market cap still above $9.7 billion and full dilution at $11.86 billion, $ADA continues to hold its top-15 ranking, though traders are now watching whether the latest dip will find buyers or accelerate toward fresh yearly lows.
What’s Next for Cardano
On the daily timeframe, Cardano remains firmly entrenched in a bearish trend, as evidenced by the Supertrend indicator, which is positioned well above the current price at approximately $0.31571.
The red-shaded Supertrend zone has been active for an extended period, reflecting persistent downward momentum since the price rolled over from higher levels earlier in 2026. This setup continues to act as dynamic resistance on any attempted recoveries, suggesting that sellers retain control and that traders will likely sell into any rallies until the Supertrend flips bullish.
This would, however, require a decisive close above $0.31571. Supporting the bearish bias, the Stochastic Oscillator shows %K at 28.29 trailing below %D at 42.39 in the lower portion of the oscillator range. This configuration indicates weakening momentum with no immediate bullish crossover in sight, while the reading is edging closer to, but has not yet reached, oversold levels.
Cardano Liquidation Data
Cardano derivatives data reveals a clear shift in market pressure. Short-term liquidations (1h and 4h) total $56K–$58K, almost entirely from short positions ($55.83K in 1h and $57.72K in 4h).
In contrast, the broader 12h and 24h windows show $1.46M and $1.82M in total rekt, overwhelmingly dominated by long liquidations ($1.40M and $1.76M respectively) versus minor short hits ($60K). This shows that earlier bullish leveraged traders were heavily punished during the sustained sell-off.