{"id":9575,"date":"2025-06-24T06:00:26","date_gmt":"2025-06-24T06:00:26","guid":{"rendered":"https:\/\/coinsrise.net\/blog\/cardano-headed-for-0-32-if-this-level-isnt-reclaimed-is-adas-rally-over\/"},"modified":"2025-06-24T06:00:26","modified_gmt":"2025-06-24T06:00:26","slug":"cardano-headed-for-0-32-if-this-level-isnt-reclaimed-is-adas-rally-over","status":"publish","type":"post","link":"https:\/\/coinsrise.net\/blog\/cardano-headed-for-0-32-if-this-level-isnt-reclaimed-is-adas-rally-over\/","title":{"rendered":"Cardano Headed For $0.32 If This Level Isn\u2019t Reclaimed \u2013 Is ADA\u2019s Rally Over?"},"content":{"rendered":"

Cardano (ADA) has been struggling to hold some crucial levels over the month, falling to multi-month lows over the weekend. As the cryptocurrency attempts to hold a key support area, some analysts believe this make-or-break retest will determine its next big move.<\/p>\n

Cardano To See More Bleeding<\/h2>\n

Cardano is recording a 4.5% daily increase after bouncing from the $0.51 area on Sunday. Notably, ADA was in a downtrend following its 3-year high of $1.32 in December 2024, which ended after the late April breakout and May bullish rally.<\/p>\n

However, the cryptocurrency has struggled to hold its April-May range amid the June market pullback, losing the key $0.66 area ten days ago. Since then, Cardano has recorded seven consecutive red daily candles and fallen below the $0.60 support.<\/p>\n

Sjuul from AltCryptoGems suggested that Cardano\u2019s rally will be halted unless some ground is recovered. According to the analyst, the cryptocurrency\u2019s multi-month price action \u201cended up being a classic distribution schematic\u201d after losing the $0.66 support.<\/p>\n

\u00a0This would signal that ADA\u2019s uptrend has ended and a potential downtrend is ahead. \u201cAs long as we don’t reclaim $0.66, just expect further downtrend from now on,\u201d he asserted.<\/p>\n

\"Cardano\"<\/p>\n

Meanwhile, market watcher Man of Bitcoin highlighted<\/a> the cryptocurrency\u2019s June downtrend, affirming that if the price remains below the descending trendline, downward pressure will persist.<\/p>\n

He added that \u201cOne more low in wave iv is still possible,\u201d hinting that a drop below the $0.50 could be on the horizon before the next wave up. Nonetheless, the analyst noted that \u201cit should be a brief wick to the downside\u201d as a \u201csustained break lower would weaken the bullish outlook.\u201d<\/p>\n

ADA Retest To Trigger Rally To $1?<\/h2>\n

Amid the ongoing global war tensions, ADA\u2019s price retested the crucial $0.52 support on Sunday, hitting a four-month low of $0.51, before recovering and closing the week around the $0.54 mark.<\/p>\n

Market watcher Rose Premium Signals noted<\/a> that a weekly close around the crucial $0.56 level would continue the possible double-bottom setup forming on ADA\u2019s chart.<\/p>\n

The analyst added that a confirmed rebound from the $0.54-$0-56 area could send the price to the initial $0.99 target and set the stage for a climb toward the $1.20 and $1.50 resistances.<\/p>\n

On the contrary, failing to hold this area could see Cardano lose its six-month price range and retrace to the $0.32 level. Meanwhile, Crypto Billion affirmed<\/a> that Cardano appears to be forming a potential triple bottom structure, which could lead to a bullish reversal.<\/p>\n

As the cryptocurrency retested the $0.50-$0.52 area over the weekend, the analyst highlighted that this key range had been held twice before since the November breakout.<\/p>\n

Additionally, he pointed out that ADA\u2019s price appears to be trading within a multi-month falling wedge pattern, which suggests a breakout toward the $1 mark if the price climbs toward the upper boundary.<\/p>\n

As of this writing, Cardano is trading at $0.54, a 15.6% decline in the weekly timeframe.<\/p>\n

\"Cardano,<\/p>\n","protected":false},"excerpt":{"rendered":"

Cardano (ADA) has been struggling to hold some crucial levels over the month, falling to multi-month lows over the weekend. As the cryptocurrency attempts to hold a key support area, some analysts believe this make-or-break retest will determine its next big move. Cardano To See More Bleeding Cardano is recording a 4.5% daily increase after…<\/p>\n","protected":false},"author":1,"featured_media":9576,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[33,3194,2054,52,36,37,718,3872,734,439,252,17,406],"class_list":["post-9575","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-market-news","tag-ada","tag-ada-analysis","tag-ada-breakout","tag-ada-price","tag-adausdt","tag-cardano","tag-crypto-bull-run-2025","tag-crypto-market-analyst","tag-crypto-market-correction","tag-crypto-market-recovery","tag-crypto-trader","tag-cryptocurrency-market-news","tag-israel-iran-war"],"_links":{"self":[{"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/posts\/9575","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/comments?post=9575"}],"version-history":[{"count":0,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/posts\/9575\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/media\/9576"}],"wp:attachment":[{"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/media?parent=9575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/categories?post=9575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/tags?post=9575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}