Cardano Eyes $0.30 Resistance-Can It Break Through or Will the Downtrend Continue?

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<a href="https://cnyeur.com/ada-usd/">Cardano</a> Attempts a Breakout Above $0.30 While Broader Downtrend Remains Intact—What’s Next?

Cardano’s price is starting to show some positive movement, heading towards the $0.30 mark. Although it’s gaining strength in the short term, the overall trend is still downward, meaning this current price increase could be a key moment for the coin’s future direction.

The price of ADA could either continue to rise in the coming sessions, or its recent gains might stop if selling pressure continues.

ADA Price Tests Key Resistance at $0.30

Cardano’s price has risen back towards the $0.30–$0.31 range. This area had previously supported the price, but after falling below it, it now acts as a resistance level. Whether the price can break through this resistance will be a key signal for buyers.

The price is trending upward after recently hitting several higher lows, suggesting buyers are trying to establish a stable price. However, ADA is still trading below a key resistance level and its short-term moving averages, which are limiting further price increases.

If the price stays above $0.31 at the end of each day, it would be the first real sign of positive change in several weeks.

Momentum Improves, But Structure Has Not Flipped

The Relative Strength Index (RSI) is showing increasing strength, moving above 50 on the daily chart. Importantly, the RSI was trending upwards even while the price was falling, which is a positive sign and suggests the recent price increase is likely to continue.

While prices are improving, it’s too early to say Cardano is definitely recovering. The price is still generally trending downwards, making lower peaks over time. These increases might not last unless the price clearly breaks out of this established downward pattern.

What Happens If ADA Price Breaks Above $0.32?

If Cardano’s price stays above $0.31 and continues to rise, keep an eye on the following price levels as potential resistance.

  • $0.332 (near-term horizontal resistance)
  • $0.377 (major structural resistance zone)

If the price rises above these levels, it could signal a change in the overall pattern, potentially leading to a wider trading range. However, if it fails to reach $0.30–$0.31, the current downward trend is likely to continue.

In that scenario:

  • $0.27 becomes immediate support
  • A deeper move toward $0.24 (channel bottom) cannot be ruled out

If the price doesn’t clearly break through the resistance level, this recent increase might just be a temporary bounce back, rather than the start of a major upward trend.

What’s Next for the Cardano (ADA) Price Rally?

Cardano’s price is starting to show some positive movement, though the overall downward trend hasn’t changed. The market is currently in a tricky spot, balancing a potential short-term bounce with stronger, longer-term challenges.

Much like Bitcoin’s battle near $70,000, ADA now faces its own structural decision level.

It’s still unclear if ADA will continue to rise or simply fall back down. Its price action around $0.30 in the next few days will be key to determining which way it goes.

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2026-02-26 13:52