The post Cardano Attempts a Breakout Above $0.30 While Broader Downtrend Remains Intact—What’s Next? appeared first on Coinpedia Fintech News
Cardano price is showing early signs of momentum recovery as the price pushes toward the $0.30 resistance zone. While short-term strength is building, the broader daily structure still reflects a descending trend, placing the current move at a turning point.
The next few sessions may determine whether the ADA price can extend higher or whether the recovery stalls under persistent bearish pressure.
ADA Price Tests Key Resistance at $0.30
On the daily timeframe, Cardano has climbed back toward the $0.30–$0.31 zone, an area that previously acted as support before breaking down. That level has now flipped into resistance, making it a decisive test for bulls.
The move toward this zone comes after a series of higher lows from recent swing bottoms, signaling that buyers are attempting to stabilize price action. However, ADA remains below the descending channel resistance and short-term moving averages, which continue to cap upside attempts.
A sustained daily close above $0.31 would mark the first meaningful structural improvement in weeks.
Momentum Improves, But Structure Has Not Flipped
The Relative Strength Index (RSI) has recovered above the 50 mark on the daily chart, reflecting strengthening momentum. Notably, RSI formed higher lows even as price tested recent downside levels, a constructive divergence that supports the current bounce.
Still, momentum improvement alone does not confirm a trend reversal. Cardano price continues to trade within a broader descending channel, with lower highs defining the macro structure. Until that pattern breaks decisively, rallies remain vulnerable to rejection.
What Happens If ADA Price Breaks Above $0.32?
If Cardano price holds above $0.31 with strong follow-through, the next resistance levels to watch are
$0.332 (near-term horizontal resistance)
$0.377 (major structural resistance zone)
A break above these levels would begin shifting the broader structure away from lower highs and toward potential range expansion. Failure to reclaim $0.30–$0.31 would reinforce the existing bearish trend.
In that scenario:
$0.27 becomes immediate support
A deeper move toward $0.24 (channel bottom) cannot be ruled out
Without confirmation above resistance, the current rally may remain corrective rather than transformative.
What’s Next for the Cardano (ADA) Price Rally?
Cardano price is showing early signs of strength, but the broader downtrend remains intact. The market is at a transition zone, where short-term recovery meets long-term resistance.
Much like Bitcoin’s battle near $70,000, ADA now faces its own structural decision level.
Whether this develops into a sustained breakout or another lower high will depend on how the ADA price behaves around $0.30 in the coming sessions.