Cardano (ADA) Price Continues to Trade Under Pressure After Failing to Hold Above $0.70

Cardan (ADA) continues to trade under pressure after failing to hold above key resistance near the $0.70 mark. The price slipped to $0.6563, its lowest in two weeks, signaling weakness across the current trend.

Cardano price slipped to new two-week lows of $0.6563 as the weakness across crypto continues.

The recent move lower follows multiple failed breakout attempts at the descending channel top, leaving the market vulnerable to further losses if momentum does not recover.

Now, if Cardano can manage to stabilize, the next target is at $0.63, which aligns with a previous demand zone.

If that support fails to hold, the price could continue to fall to $0.54, where demand has previously stepped in to soften the selling pressure.

Both levels are crucial for the short-term trend, as the structure shows lower highs and the technical indicators remain weak, with no bullish divergence spotted yet on the daily chart.

However, oversold conditions could trigger a short-term bounce, but sustained gains will require a decisive move above the $0.70 resistance to shift the technical bias back in favor of the bulls.

Until then, the market remains skewed to the downside, and sellers are more likely to keep control.

The broader crypto market is also struggling, which could further weigh on Cardano’s performance in the coming sessions.

Global financial uncertainty and volatility are on the rise, and ADA remains sensitive to these external market shifts.

These factors continue to suppress bullish momentum, keeping Cardano below major resistance thresholds and inviting technical traders to open short positions.

ADA must be reclaimed and held at $0.70 to support the regaining of a bullish structure.

Without this move, downward pressure is more likely, and any rebound attempt may not sustain momentum without strong volume support.

A strong breakout above resistance could reignite interest in the market and attract buyers once again.