ADA Weekly Technical Analysis
Cardano
ADA is the native cryptocurrency of Cardano, a Proof-of-Stake (PoS) blockchain platform built for scalability, security, and sustainability, aiming to be a "next-gen" evolution of Ethereum for smart contracts and decentralized apps (dApps)
ADA Technical Analysis Summary
Cardano is exhibiting a strongly bearish technical posture on the weekly chart, trading below all key moving averages including the 200-week SMA. The price has erased the majority of its late-2023 rally and is currently testing immediate support levels with RSI entering oversold territory at 29.99. A failure to hold current levels risks a capitulation back to the major cycle lows near 0.24, while any bullish reversal faces heavy resistance starting at 0.43.
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ADA Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price is trading well below the 20-week SMA and Bollinger Band basis. The RSI has dropped to oversold levels (29.99), and the MACD histogram and signal lines are deeply negative, confirming strong downward momentum.
Long-term Sentiment (weeks to months): Bearish
The asset is trading significantly below both the 50-week (0.6181) and 200-week (0.5093) SMAs. The structure shows a clear rejection from the 2024 highs followed by a sustained downtrend, threatening to retest the cycle lows.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-02-16T02:09:49.492Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $0.28 | $0.27 - $0.28 | Weak | Immediate local support where price is currently hovering, showing signs of fragility. |
| $0.24 | $0.23 - $0.25 | Strong | Major structural support corresponding to the 2023 bear market lows (accumulation zone). |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $0.44 | $0.43 - $0.44 | Strong | Confluence of the 20-week SMA and the Bollinger Band midline; previous support turned resistance. |
| $0.51 | $0.50 - $0.52 | Strong | The 200-week SMA acts as a major trend filter and resistance level. |
| $0.62 | $0.61 - $0.62 | Strong | The 50-week SMA, coinciding with the breakdown area from the 2024 correction. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Descending Channel | Bearish | $0.24 | A consistent downtrend channel forming from the March 2024 peak (~0.80) down to current levels. |
| Strong | Support Retest | Neutral | N/A | Price is fully retracing the 2023-2024 rally and approaching the critical multi-year floor around 0.24. |
Frequently Asked Questions about ADA
What is the current sentiment for ADA?
The short-term sentiment for ADA is currently Bearish because Price is trading well below the 20-week SMA and Bollinger Band basis. The RSI has dropped to oversold levels (29.99), and the MACD histogram and signal lines are deeply negative, confirming strong downward momentum.. The long-term trend is classified as Bearish.
What are the key support levels for ADA?
StockDips.AI has identified key support levels for ADA at $0.28 and $0.24. These levels may represent potential accumulation zones where buying interest could emerge.
Is ADA in a significant dip or a Value Dip right now?
ADA has a Value Score of 73/100. It is currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.