Cardano (ADA) was also not spared during the recent crypto crash. A well-known analyst now outlines a two-sided scenario for the future of the currency. On the one hand, there is room for recovery, but the risk of a deep decline remains present. According to him, these are the crucial levels to keep an eye on.
Cardano price at technical breaking point
According to analyst CobraVanguard, Cardano’s price is at the bottom of a so-called ‘descending triangle’, a declining pattern that has been visible since the peak of September 2021, when ADA reached an all-time high of $ 3.09.
After a pullback towards $0.22 last week, the support line was tested again. As a result, the price fell back to the low point of the previous bear market.
According to analyst CobraVanguard, a crucial moment has now arrived: “If this support breaks and the descending triangle pattern actually occurs, Cardano will fall below 20 cents for a long time.”
An alternative scenario, although CobraVanguard considers it less likely, is a breakout to the upside. “Since the crypto market often breaks rules and patterns, it could turn around again this time and, after breaking the triangle, push the price back above 60 cents.”
The last time ADA’s price rose above $0.60 was in October 2025. Remarkably, Cardano reached its highest price early in the previous bull cycle, well below the record value from 2021. In December 2024, the digital coin peaked at $1.23. Since then, ADA has lost approximately 79 percent of its value.
Historically important support zone
Analyst Brave New Coin also points out the importance of the current price range. The current price previously marked the bottom of the previous bear market. But according to him, this is “a historically important support zone that triggered major trend reversals in previous cycles.”
Brave New Coin is more optimistic than its peer. The strong resistance could indicate that ADA is currently in a unique accumulation phase, with long-term investors taking advantage of relatively low prices.
Yet the risks remain. Despite the historic support zone, Cardano could sink further if negative macro factors again create selling pressure.
Source: https://newsbit.nl/cardano-koers-op-historisch-belangrijk-niveau-dit-kan-het-maken-of-breken/
