Cardano (ADA) continues to trade below the psychologically important $1 level, while critical support levels are of great importance in bear-dominated market conditions. Analysis shows that ADA needs to hold on to the demand zone between $0.8366 - $0.6683 to stop the price declines.
In recent weeks, Cardano (ADA) has been experiencing a downtrend that has been challenging its investors, with ADA trading below $1 for an extended period of time, suffering its third consecutive weekly loss in a bear-dominated market. This increases the importance of critical support levels that will determine Cardano’s future price movements.
According to market analysts, ADA is examining at what levels it can find a chance to recover during this correction process and how it can be protected from deeper declines. In particular, IntoTheBlock and independent analysts are comprehensively covering Cardano’s price movements and potential demand zones.
In the crypto market under the influence of bears, in addition to the dynamics that pull the ADA price down, the critical levels at which it shows resistance also attract attention. ADA is trying to defend important support levels in order to reverse the current downtrend. These levels can play a decisive role in the general mood in the market and investor interest.
The most critical support zone for ADA is between $0.8366 and $0.6683. According to IntoTheBlock data, 223,070 wallets have purchased a total of 1.97 billion ADA in this price range. This zone creates a strong demand wall that bulls can use to resist bears. If these levels cannot be defended, there is a risk that the price will quickly fall to $0.65.
If the ADA price moves further down, a second support level between $0.5353 and $0.6683 could come into play. In this region, 405,660 addresses have purchased a total of 5.39 billion ADA at an average price of $0.5973. This intense demand could ease the downward pressure and prevent the price from making a deeper correction.
Historical Support Level: $0.68 – $0.77
Popular analyst Ali Martinez emphasizes that ADA has historically had a strong demand zone between $0.68 and $0.77. This zone has historically been a supportive area for price action. ADA needs a strong defense from the bulls in this area to break the bear market.
The decline in the ADA price is not only due to market trends, but also to the internal dynamics of the project. While Cardano stands out with a strong blockchain ecosystem and sustainability goals in the long term, short-term uncertainties can shake investors' confidence.
Despite having strong support levels in the current market conditions, bulls need to actively work for ADA to break the bears' pressure. In this period of uncertainty in the crypto world, how Cardano performs in terms of both price and ecosystem will be a guide for investors. How ADA will overcome this critical period will depend on market dynamics as well as Cardano's innovation power and community support.