- Cardano trades near $0.398 after losing the multi-month $0.52 support zone that anchored the structure.
- Spot outflows continue, with $2.5M leaving exchanges as sellers dominate while ADA tests its long-term trendline.
- Hoskinson says the “attack failed” after network turbulence, but the chart shows momentum still favoring a deeper downside toward $0.38–$0.32.
Cardano price today trades near $0.398 after breaking below a multi-month support zone. The drop pushes ADA into a critical test along the ascending long-term trendline as sellers continue to pressure the market following a spike in negative spot flows and broader risk weakness.
Buyers Lose Key Weekly Support
On the weekly chart, ADA has decisively lost the horizontal support near $0.52, a level that acted as a floor multiple times during the past year. The current candle has expanded through that range and tapped the rising trendline that originates from the 2023 lows.
Source: TradingViewThis trendline now stands as ADA’s final structural defense. A clean close below it would confirm a full break of the multi-year wedge and open the door toward the lower demand zone near $0.32. The downside extension is clear, and buyers have not shown a strong reaction yet.
Weekly RSI sits around 33, drifting toward oversold territory. MACD continues to slope downward with a widening separation between signal lines, showing momentum remains aligned with sellers.
Downtrend Strengthens On Lower Timeframes
The 4-hour chart shows ADA trading below the declining channel. Price remains below the 20, 50, 100, and 200 EMA cluster, confirming a persistent bearish structure.
Source: TradingViewEvery bounce has been capped near the $0.43 to $0.46 zone. The channel’s lower trendline and the EMA cluster reinforce this ceiling. Until ADA closes above these levels, traders will continue to treat each recovery as reactionary rather than trend-forming.
Parabolic SAR dots remain above the price, signaling continued downward pressure. ADA’s failure to break above the midline of the channel reinforces that sellers maintain control on both the micro and macro trend.
Spot Outflows Increase As Sentiment Cools
Source: CoinGlassCoinGlass data shows $2.50 million in net outflows over the past 24 hours, extending a multi-week pattern of consistent red prints. ADA has recorded more outflow sessions than inflow days since early October.
This reflects a reduction in holding appetite and an increase in liquidity moving onto exchanges rather than staying in wallets.
Network Incident Adds Short-Term Noise But Does Not Change Fundamentals
Cardano’s recent network issue gained traction across social media after some community members suggested the chain had halted. Core contributors quickly clarified the situation.
A post from LaPetiteADA stated that Cardano “never went down”, noting that block production never stopped and that the protocol kept running throughout the incident. She emphasized the network’s resilience and praised the global coordination among SPOs and developers who deployed the fix.
Charles Hoskinson reinforced this stance in a separate video, stating, “the network survived, it didn’t stop, and ultimately the attack failed.” He urged SPOs to upgrade to version 10.5.3, calling it imperative for restoring unified chain operation.
These remarks helped stabilize sentiment, though the market reaction remained tied to broader risk behavior rather than the incident itself. The technical structure shows that Cardano’s decline began long before the event and remains driven by macro pressure and persistent outflows.
Will Cardano Go Up?
The bullish case depends on ADA holding the multi-year trendline and closing above $0.46 with follow-through. That would signal strength returning to the structure and reduce the risk of an extended correction.
The bearish case triggers on a breakdown below $0.38, which would confirm a clean violation of trendline support and expose $0.35 and $0.32 as the next downside targets. If ADA reclaims $0.46 with rising volume, momentum shifts in favor of buyers. Losing $0.38 turns the move into a deeper correction.
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Source: https://coinedition.com/cardano-price-prediction-hoskinson-says-attack-failed-as-ada-breaks-key-support-zone/
