Cardano Tests Support at $0.36–$0.38 as Bearish Setup Leaves $0.27 in Focus

Overview

• ADA trades near $0.37 within the $0.36–$0.38 support zone as price compresses below the $0.38–$0.40 barrier, according to Brave New Coin.
• Crypto.news reports that lower highs and lower lows persist, with repeated rejections at higher‑time‑frame resistance keeping sellers in control.
• Analysts note ADA remains below the Point of Control and the Value Area Low, a condition that increases the odds of a revisit to the $0.27 yearly low unless reclaimed.
• Some market watchers describe a rounded‑base setup that could enable a recovery if $0.38–$0.40 is cleared, with speculative targets discussed around $0.45–$0.60.
• NewsBTC cites cautious on‑chain and derivatives readings, flags $0.35 as nearby support, and highlights Charles Hoskinson’s focus on longer‑term DEX growth and measured timing for post‑quantum upgrades.