Cardano (ADA)

Cardano's DeFi and Perpetuals ecosystem is about to drag Cardano back into the top 10.

While they FUD, Cardano keeps building.

$ADA
Cardano continues to follow the bearish path discussed in previous updates, with the market moving steadily toward the 10-cent region. The loss of the 2023 swing low near $0.22 significantly weakened the higher timeframe structure and continues to favor lower prices.

Leading Scenario: The preferred view remains that ADA is developing a larger C-wave decline. The next major downside objective remains between $0.09 and $0.10, which aligns with the 100% Fibonacci extension and represents the first ideal target for the C-wave. The current decline continues to show no meaningful signs of slowing down.

Risk Scenario: A wave 4 bounce can begin at any stage, as C-waves typically unfold as 5-wave structures. However, the market has repeatedly failed to show the strength required to start a sustained recovery, which keeps the probability elevated that another low is required before a larger bounce develops.

Key Support Levels: $0.10-$0.09

Key Resistance Levels: Previous consolidation highs

Bottom Line: ADA remains in a strong downtrend, and the current structure continues to favor a move toward the $0.09-$0.10 region while downside momentum remains intact.

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