Is Cardano (ADA) About to Capitulate… or Is This the Smart Money Accumulation Zone?
Cardano is hovering near $0.28, a level that has now become a psychological and technical battleground. On the daily chart, ADA remains firmly below the 50, 100, and 200 EMA, all of which are sloping downward—classic confirmation that the broader trend is still bearish. Every bounce over the past weeks has been sold aggressively, suggesting sellers remain in control.
Price is now pressing against the 0% Fibonacci retracement at ~$0.277, a zone that historically acts as a make-or-break level. A clean daily close below this area could open the door for accelerated downside toward $0.25 and even $0.22, where the next meaningful demand pockets sit.
Momentum indicators add fuel to the debate. RSI is stuck near 36, showing weak bullish response despite oversold conditions. Meanwhile, MACD remains below the signal line, with negative histogram bars still expanding—no confirmed reversal yet.
📌 Trade Scenarios (Not Financial Advice)
Buy (Aggressive, Counter-Trend):
• Entry: $0.275 – $0.280
• Stop Loss: $0.258
• Take Profit: $0.320 / $0.350
Sell (Trend-Following):
• Entry: Rejection near $0.295 – $0.305
• Stop Loss: $0.325
• Take Profit: $0.250 / $0.220
The big question: Is this exhaustion before a relief rally—or just the calm before another leg down?
👇 What’s your take—accumulating here or waiting lower? Let’s debate.
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