The post Cardano Bounces, But Bearish Structure Remains—Can the Bulls Push ADA Price to $0.5 appeared first on Coinpedia Fintech News
Following the latest rebound in Bitcoin and Ethereum , Cardano’s price has also staged a modest recovery. ADA opened the session near $0.281 and continues to trade slightly above that level, around $0.282, after retreating from an intraday high of $0.2858. However, trading volume has continued to decline even as price action holds above local support at $0.275.
While this suggests underlying demand is attempting to build, repeated failures to reclaim the $0.30 resistance level could keep the broader bearish structure intact, raising concerns about the strength of the current bounce.
In the short term, the ADA price is trading within an average range where the volume is decreasing, and the volatility is compressing. The squeeze in the Bollinger bands validates this claim, which also points towards a major move incoming. With this, the price has entered a decisive phase where an upcoming move may either rise by more than 8% to reach $0.3 or undergo an 8% pullback to reach $0.25.
Cardano price continues to consolidate within a tight range near the midline of its rising parallel channel, reflecting market indecision. The RSI has hovered around the neutral 50 level for several sessions, keeping price action compressed within an accumulation zone. Meanwhile, the bands are beginning to squeeze, a setup that typically precedes expansion. A decisive move, backed by volume, could either drive ADA toward the $0.30 resistance or drag it back toward the $0.25 support region
Even if bulls manage a breakout above $0.30, the higher-timeframe structure still leans bearish, with lower highs intact. Notably, long-term volatility bands are also compressing, signaling the potential for a larger directional move ahead. A sustained push toward $0.36 would be required to invalidate the broader bearish bias and shift sentiment decisively in favor of the bulls. Until then, the risk of a deeper corrective move continues to shadow the ongoing recovery attempt of the Cardano (ADA) price rally.
