The latest move in Cardano’s price structure confirms continued bearish sentiment. After the capitulation event, ADA formed an oversold bounce that only managed to revisit the value area low, failing to retest the higher resistance zone above it. This inability to sustain a rally highlights the absence of bullish inflows and reinforces that the market remains under the control of sellers.

The rejection from the value area low has pushed the price back toward $0.53, a high-timeframe support that has historically served as a base during prior consolidations. Given the current weakness and lack of follow-through buying, it is likely that ADA will revisit this region in the immediate short term.
If $0.53 holds, it could establish a broader range between this support and the $0.76 resistance above. Such a range would likely define ADA’s trading behavior over the coming weeks, with oscillations between support and resistance creating a prolonged period of accumulation. However, a breakdown below $0.53 would expose further downside risk and could deepen the bearish market structure.

From a structural perspective, ADA remains in a bearish market structure, with lower highs and lower lows dominating the chart. The lack of strong trading volume during upward movements further validates this stance, suggesting that recent rebounds are corrective rather than trend-defining.

What to expect in the coming price action
As long as ADA remains below the value area low and fails to generate meaningful bullish volume, the probability of revisiting $0.53 support remains high.

If the level holds and buying pressure builds, a range-bound structure between $0.53 and $0.76 may form, offering opportunities for mid-term accumulation.