Cardano Price Prediction: Bearish Structure Deepens for ADA After Rejection at $0.28 Zone
Cardano continued trading under bearish conditions on the 4-hour chart after another failed recovery attempt near key resistance levels. $ADA hovered around $0.2515 during recent trading sessions as sellers maintained control below major moving averages. The latest technical structure showed weakening bullish momentum after the token lost support across several important Fibonacci retracement zones. Significantly, $ADAs rejection near the $0.279 to $0.280 region shifted short-term sentiment sharply lower. Consequently, the price slipped beneath the 20 EMA, 50 EMA, 100 EMA, and 200 EMA levels. This alignment strengthened bearish momentum as each moving average now acts as overhead resistance. Key Support and Resistance Levels Remain Critical Immediate support currently sits near the $0.2503 Fibonacci level. However, continued weakness below this area could expose $ADA to deeper losses toward $0.2450. Moreover, broader support remains positioned near $0.2385, which previously attracted buying interest. On the upside, bulls face strong resistance near the 20 EMA around $0.2540. Additionally, the next barriers appear near $0.2577 and $0.2635, which align with the 0.382 and 0.5 Fibonacci retracement levels. $ADA must reclaim territory above $0.2600 to weaken the current bearish structure. Cardano Price Dynamics (Source: Trading View) Furthermore, the $0.2695 region remains another important resistance zone. A breakout above that level could reopen









