Cardano Price Prediction: ADA Faces $0.29 Resistance as Bearish Structure Points to $0.20 Risk

Cardano price is approaching a critical resistance zone as traders assess whether recent recovery attempts can shift the broader bearish structure.

ADA Cardano price has shown signs of stabilization after a prolonged downtrend, but momentum remains fragile as the asset struggles below key technical levels. Recent price action suggests ADA is attempting to form a short-term base, though higher-timeframe structure continues to signal caution.

As of the latest session, Brave New Coin data shows ADA trading near $0.29 following a modest recovery from recent lows. Despite the bounce, price remains below major moving averages and descending trend resistance.

Cardano price is trading around $0.27, down -1.86% in the last 24 hours. Source: Brave New Coin

ADA Price Tests Major EMA Resistance

Cardano price is currently facing strong resistance near the $0.33-$0.34 region, which almost aligns with a key exponential moving average and descending channel resistance. Mr. CryptoCeek notes that a break above this level could trigger a short-term trend shift and open the door for further upside.

However, rejection from this region may reinforce the broader downtrend. Historically, ADA has struggled to sustain bullish momentum while trading below major moving averages, making the current resistance zone a critical decision point.

ADA tests key $0.29 EMA and descending channel resistance. Source: Mr. CryptoCeek via X

Structurally, ADA remains in a downward channel, with price attempting to reclaim lost support levels rather than establishing a confirmed reversal.

Technical Structure Suggests ABC Corrective Pattern

A broader market structure analysis shared by Columbus indicates that ADA’s recent recovery resembles a textbook ABC corrective move rather than a new bullish impulse.

Cardano’s recovery appears to follow an ABC corrective structure. Source: Columbus via X

If the current structure represents a completed corrective wave, the likely path may involve a continuation lower with the potential for fresh local lows. Higher-timeframe market structure remains weak, suggesting the recent upside may represent a temporary relief rally within a broader bearish trend.

Historically, corrective rallies within downtrends often precede renewed downside pressure, particularly when volume participation remains limited.

Support Levels And Downside Risk

Further reinforcing downside scenarios, ChiefraT highlights the $0.22 region as a critical structural support level that previously acted as a major turning point in Cardano’s market cycle.

The analysis suggests Cardano price could briefly deviate below this level, potentially sweeping liquidity toward the $0.20 region, before attempting recovery. Such deviations have historically marked exhaustion phases, where price breaks support temporarily before forming a long-term bottom structure.

While this scenario reflects short-term bearish pressure, the broader projection remains constructive. If ADA establishes a base following the deviation, the structure could support a long-term recovery trajectory, with upside targets extending back above the $1.00 level.

ADA faces key support at $0.22, with a potential liquidity sweep towards $0.20 if price fails to reclaim the critical structural level. Source: ChiefraT via X

A deviation below this level could trigger a liquidity sweep, where price briefly breaks support before attempting recovery. However, failure to reclaim the zone would confirm structural weakness and increase the probability of a move towards $0.20.

Market Sentiment and Cardano Interest Trends

Beyond technical structure, broader sentiment around Cardano remains subdued. Recent data shows global search interest for Cardano declining towards historically low levels, reflecting reduced retail participation.

Historically, declining market interest has sometimes preceded accumulation phases and future recovery cycles. However, low participation can also result in extended consolidation if capital inflows remain limited.

This divergence between weakening sentiment and potential accumulation keeps ADA’s outlook uncertain.

Key Levels Traders Are Watching

Based on current market structure and historical reaction zones, several levels stand out:

• Immediate resistance: $0.29 EMA region
• Breakout confirmation level: $0.32
• Primary support: $0.22
• Breakdown risk zone: $0.20
• Broader trend resistance: descending channel structure

A sustained move above $0.29 would signal early structural improvement, while failure to hold $0.22 would reinforce bearish continuation.

Final Thoughts: Cardano Price Prediction

From a technical perspective, current price is trading at a critical inflection point rather than a confirmed trend reversal. The $0.29 resistance and $0.22 support range will likely determine ADA’s next directional move.

If resistance breaks and market momentum improves, ADA could attempt a broader recovery towards higher resistance levels. Conversely, sustained weakness below support would shift focus towards deeper historical demand zones near $0.20.