Karla Barker 
Cardano’s critical price juncture
Cardano finds itself at what I’d call a make-or-break moment in terms of price action. The cryptocurrency is currently trading around $0.4258, which represents a slight decline of about 2.2% over the past day. That’s not huge, but it matters when you’re sitting at these technical levels.
What’s interesting to me is the weekly performance – ADA has actually gained 9.4% over the past seven days. But when you zoom out to two weeks, that gain shrinks to just 1.8%. It suggests the recent upward move might be more of a short-term bounce than a sustained recovery. The market cap sits at $15.61 billion with 36.64 billion ADA circulating, which gives you some sense of the scale we’re talking about.
Fibonacci levels in focus
The technical picture is where things get really interesting. Looking at the daily chart, ADA is testing what traders call Fibonacci retracement levels. Right now, the immediate resistance sits at $0.43594 – that’s the 0.236 Fibonacci level. If ADA can push through that, the next target would be the 0 Fib level at $0.456.
On the flip side, there’s support at $0.4136 (the 0.5 level) and then stronger support at $0.4037 (the 0.618 level). These aren’t just random numbers – they’re mathematical relationships that many traders watch closely.
The RSI reading of 42.46 tells us something important too. It’s basically neutral territory – not overbought, not oversold. That means there’s room for movement in either direction, and the next move will likely depend on broader market sentiment.
Liquidation data shows trader pressure
When I look at the liquidation data, it paints a picture of recent volatility. Over the past four hours, we’ve seen $13.06K in liquidations, with the majority ($11.68K) coming from long positions. That pattern holds over longer timeframes too.
In the last 12 hours, total liquidations reached $182.52K, with long positions accounting for $180.27K of that. The 24-hour picture shows $485.74K in total liquidations, with $358.53K from long positions.
What this suggests to me is that traders who were betting on price increases have been getting squeezed out as the market corrects. It’s not necessarily a bearish signal on its own, but it does indicate some pressure on the long side.
What comes next for ADA
So where does Cardano go from here? Honestly, it feels like we’re at one of those inflection points where the next few days could set the tone for weeks to come.
A break above $0.4359 could trigger more buying interest and potentially push ADA toward that $0.456 target. But if support at $0.4136 fails, we might see a test of the stronger support around $0.4037.
The neutral RSI means there’s no clear momentum bias right now, which makes sense given the mixed signals in the market. Some days it feels like everything’s moving together, other days individual projects like Cardano seem to march to their own beat.
I think what matters most here is watching how ADA interacts with these Fibonacci levels. They’re not magic numbers, but enough traders pay attention to them that they often become self-fulfilling prophecies. The liquidation data suggests some pain for long positions recently, but that doesn’t necessarily mean the trend has reversed.
Maybe the most honest thing I can say is that Cardano, like much of the crypto market right now, seems to be searching for direction. The technical levels give us some guideposts, but the actual path forward will depend on a mix of market sentiment, broader crypto trends, and maybe a bit of luck.