Cardano price is likely to continue its downturn in the short term if bears manage to push prices below $0.13
ADA has slid beneath $0.14 as a wider crypto market sell-off pushes most digital assets lower. Bitcoin (BTC) has dipped again under $18,000 while Ethereum (ETH) trades near $546. Some altcoins briefly rallied — for example, Stellar Lumens (XLM) posted a sharp intraday gain yesterday — but the sector has since turned red and shed much of those gains.
The short-term technical outlook for ADA/USD favors bears, suggesting the token could fall toward $0.10 over the coming sessions. Momentum to the downside would increase if a sell signal on the 4-hour chart confirms, reinforcing the rejection seen at current levels.
At the time of writing, Cardano is trading near $0.138, down more than 5% over the last 24 hours.
ADA/USD could drop to $0.10
ADA/USD 4-hour chart. Source: TradingView
Price is currently below both the 20-period EMA (around $0.143) and the 50-period EMA (around $0.148). These moving averages previously acted as support but have flipped into resistance, making upward progress more difficult for bulls.
Additionally, ADA is capped by the upper boundary of a descending parallel channel. That boundary recently triggered a rejection that sent the pair from roughly $0.150 down to $0.136.
The pair is attempting a modest recovery toward the channel’s midline, but the RSI remains under 50 and the broader market tone is negative. If buyers cannot defend $0.136, Cardano could slide to the channel’s lower boundary near $0.130.
ADA/USD 4-hour chart showing price within a descending triangle pattern. Source: TradingView
A descending triangle pattern visible on the 4-hour chart reinforces the short-term bearish case: this formation typically signals continuation to the downside. A confirmed breakdown from the triangle could open the path to a deeper decline, potentially pushing Cardano more than 23% lower toward the $0.10 area before buyers step in aggressively.
That said, the 4-hour timeframe could flip to a buy signal in the coming sessions if a reversal pattern forms and validates — for example, a bullish red nine candlestick setup. If such a reversal gains traction, a rebound back toward $0.18 would become a realistic upside target.
In summary, Cardano’s immediate risk remains to the downside while price stays beneath key moving averages and inside bearish chart structures. Traders should watch $0.136 and $0.130 as near-term support levels and monitor for any confirmed breakdowns or reversal signals on the 4-hour chart before adjusting positions.