Cardano has turned more cautious as ADA trades near $0.14 after dropping more than 4% in the last 24 hours, according to Brave New Coin data. Price is now sitting close to its daily low, with the market cap around $5.34 billion and trading volume above $558 million.
ADA Price Drops Towards $0.14 as Selling Pressure Builds
Cardano is currently trading around $0.14, with the 24-hour low also near $0.14 and the high around $0.15. This shows that ADA is still trading near the bottom of its intraday range, which keeps short-term pressure on bulls.
Also, BullifyX highlighted that ADA has lost a major support zone between $0.148 and $0.150. The key technical point from his chart is that price is now trading below this area near $0.145, which means the old support has turned into short-term resistance.
The first resistance is now $0.148–$0.150. If ADA reclaims this zone, price could attempt a recovery towards $0.155 and then $0.161. However, if the price stays below $0.150, the market remains vulnerable to another move lower towards $0.136 and then $0.127.
Fibonacci Levels Point to $0.136 and $0.127
Crypto CCK’s 4-hour ADA chart shows that Cardano still may not have found its floor. The key technical point from the chart is that ADA has already broken below the $0.1516 Fibonacci extension area, while the next downside levels are marked near $0.1369 and $0.1278.
The chart also shows $0.1619 as an important reclaim level. If ADA can recover above $0.1619, the short-term structure would begin to improve. Until then, the downside roadmap remains active, with $0.1369 as the first major target and $0.1278 as the deeper support zone if selling continues.
Monthly Chart Shows a Severe Trend Breakdown
The monthly chart shared by Overkill Trading shows ADA in a deep downtrend, with price now trading near $0.140 after losing several major recovery levels. The key technical point from this chart is that Cardano has broken down towards levels not seen in years, while the broader structure still shows lower highs and lower lows.
ADA’s monthly chart shows a deep bearish breakdown near $0.140. Source: Overkill Trading via X
The indicators also confirm the weakness. The MACD remains below the signal line and is still printing bearish momentum, while the momentum oscillator is sitting in a weak zone instead of showing a clean reversal. This means ADA needs more than just a small bounce to change the structure.
Lowest Level Since December 2020 Adds Pressure
Famous crypto analyst Ted Pillows noted that Cardano dropped to its lowest level since December 2020 after news of the SecondFi wallet exploit. The key point from his chart is that ADA is now trading near $0.1475 on the monthly view, close to a long-term historical floor after falling sharply from previous cycle highs.
This does not automatically mean a bottom is in. It only shows that ADA has reached a major historical support region. If buyers defend $0.140–$0.136, the market may attempt a relief bounce. But if this zone fails, ADA could extend towards the $0.127–$0.120 region before any stronger base forms.
Security Exploit Damages the Sentiment
The SecondFi exploit headline has added another layer of weakness to an already fragile chart. ADA was already trading below key resistance, and the news accelerated downside pressure towards the $0.14 region.
For price action, the important level remains $0.150. If ADA cannot reclaim $0.148–$0.150 after the selloff, the market may continue treating this area as resistance. A recovery above $0.150 would be the first short-term relief signal.
Important Support Levels to Watch
Cardano is now sitting close to a key support cluster. The immediate area is $ 0.138–$ 0.140, where bulls need to prevent another breakdown. If this zone holds, ADA could attempt a bounce back into the $0.148–$0.150 resistance area.
Key support levels to watch are: $0.140–$0.138: immediate support zone $0.1369: first major Fibonacci downside level $0.1278: deeper Fibonacci support $0.120: broader downside risk if $0.127 failsA break below $0.1369 would make the $0.1278 level much more important. If ADA also loses $0.1278, the broader structure could open towards $0.120.
Final Thoughts: What Next for ADA Cardano?
Cardano is now trading at a critical support area after losing the $0.148–$0.150 zone. That level is now the first resistance bulls need to reclaim. If ADA stays below it, sellers remain in control, and the risk of another move lower stays active.
The downside levels are clear. A break below $0.140–$0.138 could send ADA towards $0.1369 first, followed by $0.1278. If those levels fail, the broader downside risk extends towards $0.120.
For now, the Cardano price remains cautious. ADA needs to reclaim key levels to signal a stronger recovery. Until then, the market structure remains weak and exposed.