Cardano’s ADA failed to break above its descending channel resistance, facing renewed selling pressure around the upper boundary. The asset saw rejection at that technical ceiling, leading to a renewed bearish trend. This movement places the altcoin under watch, with signs of a potential retest of lower support levels. The rejection has redirected focus to $0.63 and possibly $0.54 as the next critical zones.
ADA rejected at channel resistance
According to analysis by Ali Charts, Cardano’s price pattern remains confined within a long-standing descending channel. A recent attempt to break through the top of this channel was unsuccessful. Market activity around this resistance triggered a reversal, reinforcing the bearish structure in place. The rejection confirmed continued downward momentum after a brief period of consolidation near the top boundary.
ADA’s inability to escape the descending pattern has brought increased attention to its short-term support levels. With market pressure intensifying, ADA appears poised for further downside if current conditions persist. The trend structure shows no breakout above key resistance, which continues to limit bullish upside.
Price levels now in focus
Following the latest rejection, the $0.63 level has emerged as the next near-term price target. This area has historically served as a key reaction zone, and further movement could test its durability. Continued selling could drag ADA lower, setting the stage for a deeper slide toward $0.54.
These levels remain relevant while ADA holds beneath the upper boundary of its descending pattern. Technical indicators show no clear signal of reversal, as momentum remains weighted to the downside. Current price behavior suggests a cautious outlook, with the asset trading well below recent highs.
Market structure holds a bearish tone
According to CoinMarketCap data at the time of writing this piece, Cardano has dropped 4.89% in 24 hours, trading at $0.6545. The daily high reached $0.6856 before the price declined while the market capitalization fell to $23.11 billion, marking a 4.88% decrease.
When looking at the general trend of ADA, the market has a bearish trajectory within the Descending Channel. The lack of a breakthrough means that sellers may be in control of price movement from now on. Currently, equity supports are being weakened; hence, ADA has a fragile short-term structure in front of investors.
