Cardano Price Slides to $0.60 — A Final Dip Before Rebound?

Cardano’s price action is getting increasingly volatile as the token approaches a key psychological and technical level. After consolidating between $0.58 and $0.70 for weeks, ADA is now retesting the lower boundary—a zone that’s historically brought buyers back in. Despite the bearish chart, the lack of volume spikes and proximity to long-term support suggest this recent drop might be the final shake-out before a short-term recovery.

Chart Analysis: ADA Tests $0.60 Support Zone

While the drop concerns short-term traders, analyst Splash suggests this could be the “last ADA dump before the pump,” hinting at a potential rebound once selling pressure eases. The chart shows ADA continuing downward with lower highs and lower lows—clear signs of ongoing selling pressure. Currently trading at $0.603, the token is at its weakest point in several sessions. The $0.58–$0.60 range has been critical support before, triggering multiple bounces. Nearest resistance sits around $0.64–$0.66, with stronger pressure near $0.70. ADA is moving within a descending channel, though the current candle’s long lower wick hints at buyer interest near the bottom. Trading volume stays relatively stable, suggesting this isn’t full capitulation yet—more like a controlled pullback within the broader range.

If ADA holds the $0.60 floor, we could see a relief bounce toward $0.65–$0.67. But a daily close below $0.58 would open the door to deeper losses, potentially retesting $0.55.

Market Context: ADA Moves With Broader Crypto Weakness

ADA’s recent slide matches a broader cooldown across altcoins as Bitcoin dominance rises and money flows into larger-cap assets. This rotation has left projects like Cardano temporarily on the sidelines, despite solid fundamentals like steady network activity and upcoming DeFi integrations. Historically though, ADA tends to lag during Bitcoin rallies and then snap back sharply once things stabilize—which supports the “dump before the pump” idea from.

If ADA stays above $0.60, we might see momentum shift toward a rebound. Indicators suggest the asset is nearing oversold territory, raising the odds of a short-covering rally or accumulation-driven bounce in the coming days. That said, bulls need a daily close above $0.65 to break the pattern of lower highs and confirm momentum is turning back in their favor.