Cardano fell over 4% to $0.14 as key support levels broke, risking further declines

Cardano’s (ADA) price dropped more than 4% in the last 24 hours, sliding toward $0.14. According to data from Brave New Coin, ADA is trading near its intraday lows, with a market capitalization of $5.34 billion and a 24-hour trading volume exceeding $558 million.

Short-term selling pressure intensifies

During intraday trading, ADA fluctuated within the $0.14 to $0.15 range but remained stuck at the lower end. This behavior signals a lack of buyer momentum in the short term, and suggests that bears continue to exert pressure on ADA’s price.

Analysis shared by BullifyX highlights that the $0.148 to $0.150 band is now being monitored as the first resistance zone. If ADA manages to reclaim and hold above this band, a recovery toward $0.155 and then $0.161 could be possible. However, as long as prices stay below $0.150, risks continue for further declines toward $0.136 and potentially $0.127.

Fibonacci levels point to new downside targets

Technical analysis by Crypto CCK, based on a four-hour chart, indicates that ADA has slipped below the $0.1516 Fibonacci extension level. The next likely downside targets are $0.1369 and $0.1278, according to this analysis.

Glossary: Fibonacci extension levels use specific ratios in technical analysis to determine possible future support and resistance areas. These levels often help forecast potential target zones once price moves beyond previous extremes.

The same chart notes that regaining the $0.1619 level is a critical recovery threshold. Without a breakout above this mark, ADA’s short-term structure remains evidently weak, and further consolidation or sell-offs remain likely.

Broader trend remains bearish

A monthly chart provided by Overkill Trading reveals that ADA continues its downward momentum in the broader time frame. The price is hovering near $0.140, with a clear pattern of lower highs and lower lows, indicating a sustained bearish trend.

Further complicating sentiment, news of a security breach linked to SecondFi has amplified market concerns. This development has added to the already fragile technical landscape, creating additional downward pressure for ADA.

Key support and resistance levels in focus

According to analysts, the most crucial near-term support cluster sits between $0.138 and $0.140. Preserving this region could allow ADA to attempt a return to the $0.148 to $0.150 resistance area. Should prices fall below $0.1369, the $0.1278 level becomes vital support. Failure to defend this zone could expose ADA to an extended risk of dropping toward $0.120—a much broader danger zone.

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