Cardano Price Sends a Clear Warning After Back-to-Back Breakdowns— $0.25 Now in Focus
Cardano's price shows structural weakness after two bearish continuation breakdowns, putting the $0.25 target in focus.Summary
Cardano's price is near yearly lows, down about 24% in 30 days, following two separate bearish continuation breakdowns within two months, signaling sustained seller control rather than panic. If the current breakdown mirrors the first, downside targets cluster near $0.25.
However, downside risk may be slightly limited by two factors: derivatives positioning shows significantly more short leverage than long leverage, with long liquidations ending around $0.36, reducing cascade risk. Additionally, long-term holder spending has sharply decreased, suggesting selling pressure from committed holders is drying up.
The critical near-term support level is $0.36; a clean break below this opens the door to $0.33 and potentially the measured breakdown target of $0.25. For any bullish trend change, ADA must reclaim $0.48.
(Source：BeInCrypto)