Cardano (ADA) price posts the first daily gain in four while bouncing off its 13-month low early Friday morning in New York, up 3.5% intraday near $0.3550 by press time.
The altcoin’s corrective bounce could be tied to the cryptocurrency price consolidation during the year-end holiday mood, especially amid an oversold stochastic momentum indicator.
ADA’s rebound also gains support from a week’s high trading volume, even if the current figure of $666.23 million is way below November 2025’s peak of $1.86 billion and March’s yearly high of around $7.63 billion, according to Santiment.
The analytical platform also portrays a U-turn in the market capitalization (market cap) from the lowest since November 2024, close to $12.78 billion, as we write.
Still, the Cardano price is down 58% during its first yearly loss in 2025, while facing the third consecutive weekly fall and a fourth straight monthly decline.
Notably, ADA’s latest recovery moves face numerous upside hurdles, indicating potential hardships for buyers.
Let’s discuss the details!
Cardano Price: Daily Chart Defends Sellers
On the daily chart, Cardano’s U-turn from a multi-month low approaches the 38.2% Fibonacci Extension (FE) of its October-December moves, close to $0.3610.
However, a convergence of the 23.6% FE and a descending trendline from late October, near $0.4080, can restrict ADA’s further advances.
In a case where the Cardano price remains firmer past $0.4080, the monthly high of $0.4839, a support-turned-resistance line from February near $0.5120, and the 200-day Exponential Moving Average (EMA) around $0.6180 will be on the bear’s radar.
It’s worth mentioning, however, that ADA rebound remains elusive as long as the price stays below a resistance line from March, close to $0.8270 at the latest.
On the flip side, a fresh weakness in the Cardano price may approach a five-week descending support line surrounding $0.3310, but the oversold conditions of the stochastic momentum indicator may challenge the bears around the key trendline support.
Below that, the 50% and the 61.8% FE levels, near $0.3230 and $0.2850, respectively, may challenge ADA sellers before directing them to the year 2024 low of $0.2765.
Should the Cardano price fail to rebound from the previous yearly low, the 78.6% and 100% FE levels, close to $0.2300 and $0.1615 in that order, may attract the bears.
Cardano Price: Four-Hour Chart Highlights $0.4135 Resistance
On the four-hour chart, the Cardano price traces a firmer, but not overbought, stochastic line to portray a corrective bounce from the multi-month low.
However, a convergence of the 200-bar EMA and a two-month-old descending resistance line, near $0.4135, appears to be a tough nut to crack for ADA bulls.
Beyond that, the monthly high near $0.4840 and the daily chart’s higher levels will be in the spotlight.
Alternatively, the recent multi-month low near $0.3530 could offer immediate support to the Cardano price in case of a fresh fall, a break of which can direct ADA to a five-week-old descending support line surrounding $0.3310, before the deeper levels discussed on the daily chart.
Also read: Is Bitcoin New Digital Silver Now? Silver Jumps 130% this Year!
