Cardano (ADA) Price Dips Despite Market Gains: Key Levels to Watch

Cardano (ADA) is facing downward pressure despite some cryptocurrencies trading in the green today. According to CoinMarketCap data, ADA has declined 1.10% in the past 24 hours and is down 5.46% over the past week, reflecting overall bearish market sentiment.

On the hourly chart, ADA showed a minor rebound after a false breakout below the local support at $0.6211. This suggests a short-term recovery could push prices toward the $0.64 resistance level if the momentum holds. However, this uptick may be limited as the broader trend remains negative.

Looking at the daily timeframe, the bearish outlook is more pronounced. ADA is hovering near a key support at $0.6104. A confirmed breakdown below this level could trigger further downside, with price targets in the $0.58–$0.60 range. If sellers maintain control, the coin could dip even lower toward the $0.55 mark in the coming days.

From a midterm perspective, there are no clear reversal signals, and ADA continues to trade below key moving averages. Unless bulls reclaim critical resistance levels and volume strengthens, the outlook remains bearish.

Traders and investors should closely monitor the $0.6104 level, as a breakdown could confirm a continuation of the current downtrend. Meanwhile, any short-term rallies may provide only brief relief in a market still leaning bearish.

With ADA showing signs of weakness while top cryptocurrencies see mixed performance, caution is advised. Crypto market participants are urged to watch price action closely, especially around key support zones.