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 (ADA) is currently in a strong downtrend on the weekly timeframe, having erased all gains from its late 2023 rally. The price is trading well below key long-term moving averages (50 and 200 SMA), and technical indicators like the MACD and RSI confirm dominant bearish momentum, with the RSI dipping into oversold conditions. The immediate focus is on whether the historical support zone around 0.24 can hold; failure to do so implies a continuation of the secular bear trend.
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ADA Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price is in a steep downtrend with strong bearish momentum, trading well below the 20-week SMA. The RSI has entered oversold territory (29.19), and the MACD histogram is negative and expanding downward.
Long-term Sentiment (weeks to months): Bearish
The asset is trading significantly below both the 50-week (0.6442) and 200-week (0.5156) SMAs, indicating a long-term bearish trend. The breakout from late 2023 has fully retraced, negating previous bullish structure.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-02-02T07:24:57.211Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $0.23 | $0.22 - $0.24 | Strong | Major structural low and consolidation floor established throughout 2023. |
| $0.16 | $0.15 - $0.16 | Weak | Coincides with the current Lower Bollinger Band and historical lows from the pre-2021 cycle. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $0.43 | $0.40 - $0.45 | Weak | Previous support zone that was broken recently; now acts as the first overhead supply zone. |
| $0.51 | $0.49 - $0.52 | Strong | Confluence of the 20-week SMA (Bollinger Band basis) and the 200-week SMA. |
| $0.65 | $0.64 - $0.65 | Strong | Location of the 50-week SMA. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Descending Channel | Bearish | N/A | Price has been adhering to a defined downtrend channel since the peak in early 2024. |
| Strong | Full Retracement | Bearish | $0.24 | The price action has retraced 100% of the rally that occurred from late 2023 to early 2024, returning to the accumulation base. |
Frequently Asked Questions about ADA
What is the current sentiment for ADA?
The short-term sentiment for ADA is currently Bearish because Price is in a steep downtrend with strong bearish momentum, trading well below the 20-week SMA. The RSI has entered oversold territory (29.19), and the MACD histogram is negative and expanding downward.. 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 $0.23 and $0.16. 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 107/100. It is not 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.