## Cardano Technical Analysis: The Critical $0.37 Level in Focus

**Cardano(ADA) is currently facing pressure at a key support level.**

### Current Price Situation and Technical Indicators

After a bullish run in December 2025, ADA has entered a correction phase. Latest data shows the current price is around $0.39, with the 21-day moving average acting as an important technical indicator.

According to technical analysis, ADA started its correction from the high of $0.484. On December 8, buyers supported the price above the 21-day moving average, but it failed to break through resistance at the 50-day moving average, leading to increased downward pressure.

### Downward Slope of Moving Averages Indicating Market Sentiment

Analysis of the 4-hour chart shows the moving averages are sloping downward, suggesting selling pressure. The price dipped to a low of $0.345 but has shown a rebound today, testing the resistance zone at $0.37.

This movement may reflect investor sentiment waiting for a market reversal accompanied by inflows from Bitcoin to Cardano. Major resistance zones are at $1.20, $1.30, and $1.40, while support zones are at $0.90, $0.80, and $0.70.

### Next Scenario

Whether ADA can hold above $0.37 is a critical point. If it declines from the current high, it could head toward a low of $0.30. Conversely, breaking through the $0.37 resistance could lead to a rebound within the range between the moving averages.

In the short term, price movements linked to Bitcoin to Cardano conversions are expected. If a rebound pattern is confirmed on the 4-hour chart, a resumption of the upward trend cannot be ruled out.

**Disclaimer: This analysis is a personal opinion based on technical perspectives. It is recommended to conduct thorough research before making any investment decisions.**