Cardano's ADA is testing a key three-year support level around $0.24. Historically, this demand zone has driven significant price increases, but now, due to overall market weakness and ADA's prolonged stagnation, the risk of breaking below this support level has increased. Analysts warn that if the support is lost, the next major downside target could be around $0.17, and it might even drop to the psychological level of $0.10.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Cardano's ADA is testing a key three-year support level around $0.24. Historically, this demand zone has driven significant price increases, but now, due to overall market weakness and ADA's prolonged stagnation, the risk of breaking below this support level has increased. Analysts warn that if the support is lost, the next major downside target could be around $0.17, and it might even drop to the psychological level of $0.10.