Cardano (ADA) Struggles Below Key Resistance, Risk of Deeper Declines

Cardano (ADA) has repeatedly failed to break above the $0.926 resistance level since mid-August, with every attempt sparking heavy selling pressure. The most recent rejection came on September 14, leading to a 5% drop and signaling fading bullish momentum.

Technical indicators on the daily chart highlight a bearish outlook. The Moving Average Convergence Divergence (MACD) is showing signs of a bearish crossover, where the MACD line dips below the signal line. Such crossovers often confirm weakening momentum and potential downside ahead. At the same time, the Parabolic Stop and Reverse (SAR) has flipped bearish, with its resistance dots now positioned above price action. As of writing, SAR sits at $0.952 while ADA trades near $0.869, suggesting sellers maintain firm control.

The bearish alignment of key momentum indicators points to further downside. If ADA loses support at $0.802, the decline could extend toward $0.677. However, if bulls manage to reclaim strength and push past $0.926, it could trigger a breakout toward $1.079 — a price level last reached in March.

Cardano’s current market action underscores the importance of these technical thresholds. A confirmed break below support could accelerate selling pressure, while a successful breakout above resistance might revive bullish sentiment. For now, ADA remains trapped under heavy resistance, with downside risks outweighing the chances of an immediate recovery.

At press time, Cardano trades around $0.869, with traders closely watching $0.926 as the key level that could determine its next major trend.