Cardano could dip to $0.156 as ADA faces sixth consecutive weekly loss

Key takeaways

• Cardano (ADA) traded near $0.171 on Friday, extending its weekly decline toward 4%.
• The asset has dropped over 30% since early October, reflecting persistent selling pressure and weakening investor confidence.
• ADA faces immediate technical support at $0.156, while upside resistance sits at $0.183 and within the $0.203–$0.229 EMA cluster.

Cardano (ADA) extended its decline on Friday, trading around $0.171 as muted derivatives activity and bearish on-chain metrics heightened concerns of further downside.

Down nearly 4% for the week, the token is on track for its sixth consecutive weekly loss, continuing a retrenchment that has erased more than 30% of its market value since early October.

Derivatives traders have taken an increasingly defensive stance, as Cardano’s long-to-short ratio nears a one-month low and funding rates turn negative.

Cardano derivatives signal bearish sentiment as long-to-short ratio falls

Activity in Cardano’s derivatives market continues to reflect softening investor confidence, with market participants positioning for potential further downside.

According to CoinGlass data, ADA’s long-to-short ratio stands at 0.86, approaching its lowest level in over a month.

A ratio below 1 indicates that short positions outnumber long positions under the tracked metric, confirming that bearish bets have become dominant.

Funding rates provide additional evidence of weakening sentiment. Cardano’s funding rate shifted negative on Thursday and stood at -0.0015% on Friday.

The combination of short-heavy positioning and negative funding rates highlights a reluctance among traders to bet on a sustained price turnaround.

Cardano’s on-chain and trading indicators also point to unfavorable market conditions.

CryptoQuant summary data shows substantial whale orders alongside elevated trading volume in both spot and futures markets for ADA.

The metrics further highlight clear sell-side dominance across both segments. CryptoQuant indicators indicate that large market participants remain active while aggressive selling continues to outpace buy orders.

Cardano price forecast: ADA remains below major moving averages

Cardano’s technical landscape remains bearish as the cryptocurrency continues to trade beneath its key daily Exponential Moving Averages (EMAs).

As of Friday, ADA traded around $0.171, significantly below its 50-day EMA at $0.203.

The 100-day EMA sits near $0.208, while the 200-day EMA is positioned around $0.229.

Trading below all three moving averages indicates that sellers maintain control across short-, medium-, and longer-term timeframes.

Momentum oscillators offer little sign of an immediate bullish reversal. The daily Relative Strength Index (RSI) has dropped to approximately 29, placing Cardano in oversold territory.

At the same time, the Moving Average Convergence Divergence (MACD) remains in negative territory, with its histogram displaying limited momentum.

This combination suggests that bearish pressure persists, even if the pace of selling shows signs of stabilizing.

Overall, these technical indicators signal that Cardano’s broader downtrend remains intact despite the possibility of a brief rebound.

The next major downside support rests at $0.156. This horizontal floor could attract buying interest as traders assess whether the recent pull-back has become stretched.

A successful defense of $0.156 could allow ADA to consolidate and potentially attempt a short-term recovery. Conversely, a decisive break below this mark would further undermine the technical picture.

Despite the prevailing bearish structure, Cardano could try to mount a recovery if buyers hold the $0.156 level.

Initial resistance on the upside stands at $0.183. A sustained move above this level would point to improving short-term buying momentum.

However, ADA would still face a dense resistance zone between $0.203 and $0.229, where its primary daily EMAs are grouped.

The 50-day EMA at $0.203 serves as the first major dynamic barrier. Beyond that, the 100-day EMA near $0.208 and the 200-day EMA around $0.229 could cap additional upside.

Reclaiming these moving averages would provide stronger evidence that Cardano’s bearish structure is beginning to turn around. Further resistance levels lie at $0.236, $0.245, and $0.296.