Cardano (ADA) Price Prediction: Bears Target Fresh Lows Below $0.28

Cardano (ADA) Price Prediction: Bears Target Fresh Lows Below $0.28

Cardano’s price started a fresh decline after it failed to surpass $0.33. ADA remains at a risk of more losses below $0.30 and $0.28 in the near term.


  • ADA price is showing a lot of bearish signs below the $0.320 support against the US dollar.

  • The price is trading below $0.320 and the 100 simple moving average (4-hours).

  • There was a break below a key rising channel with support near $0.320 on the 4-hours chart of the ADA/USD pair (data source from Kraken).

  • The pair could continue to move down below the $0.300 support zone.

  • Cardano (ADA) Price Signals More Losses


    In the past few days, cardano’s price saw a steady decline from well above the $0.3250 level. The bears were able to push the price below the $0.320 and $0.315 support levels.


    The decline gained pace below the $0.314 level and the 100 simple moving average (4-hours). There was a move below the 50% Fib retracement level of the upward move from the $0.2997 swing low to $0.329 high. Besides, there was a br ..

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