ADA is now approaching critical support of $0.50 following a 20% drop. Find out why this level may lead to a rebound to $0.70 in the near future.
Cardano (ADA) has fallen by more than 20 percent, and it is currently trading at around 0.57 because of selling pressure in recent times. Traders are watching one of the key support levels at $0.50, which could turn the price around.
Market analyst Ali on X observes that the last time buyers supported the market was at 0.50, and thus, this is one of the critical spots to monitor in case of a rebound.
Could $0.50 Be the Turning Point?
The price charts reveal that ADA had fallen almost to the level of 0.50 and then rebounded to approximately 0.60, indicating that the buyers are interested.
According to the analysis by Ali, there are two possible outcomes: a retest of 0.50 that could generate an increase to 0.70 or a decrease lower than 0.50 that may stimulate more significant losses.
The $0.50 support might enable a slow but consistent increase above the $0.70 level. This prudent opinion is backed up by technical indicators. The RSI stands at around 40, which is below the normal, representing a poor buying power.
The Stochastic oscillator indicates that there will be a temporary rebound in case the support holds.
MACD is still operating in a downward trend, which indicates that the trend is bearish, yet a positive crossover will indicate an unequivocal change.
What’s Next for ADA Price?
The existing momentum is also dominated by sellers, with the ADX standing above 30, which indicates a strong downtrend.
Nonetheless, the near-neutral value of the Ultimate Oscillator opens a possibility of a countertrend rally following a bounce off $0.50. ADA may trade within a range of $0.50 to 0.70 in the short run, but may meet and consolidate before another upward trend.
Analysts estimate that breaking the 0.50 level will be difficult and the price will fall to a minimum of 0.576 in November 2025, and go up to 0.651 or beyond by December, showing that there could be a rebound in the near future.
