Cardano Price May Retest Previous Low at $0.33

Sellers Overtake Buyers at $0.42 point

ADA Price Analysis – 20 January

 Cardano may try to hit the resistance levels at $0.42 and $0.45 if it can keep the price above the $0.38 barrier. The $0.24 and $0.20 levels will be taken into consideration after the $0.34 support level is shattered

Key Levels:

Resistance levels: $0.38, $0.42, $0.45

Support levels: $0.34, $0.24, $0.20

ADA/USD Long-term Trend: Bearish

After reaching a top of $0.54, Cardano gradually lost momentum. The price created a Head and Shoulder pattern on December 2 close to the $0.54 resistance level. The price tried to break through the first barrier before encountering resistance at the anticipated $0.54 level. Nevertheless, the coin was not able to get beyond this first challenge. The daily chart showed a bearish candlestick pattern. Bearish wicks were seen when looking at the $0.54 resistance level. The project dropped to $0.34. Now that the price has returned to the previously mentioned level, it is making another attempt to cross the $0.24 barrier.

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At the moment, bears dominate the Cardano market. Traders are worried about the sudden decrease below the Hull Suite forex signals indicator. Cardano may try to hit the resistance levels at $0.42 and $0.45 if it can keep the price above the $0.38 barrier. The $0.24 and $0.20 levels will be taken into consideration after the $0.34 support level is shattered.

 

ADA/USD Medium-term Trend: Bearish

Cardano’s 4-hour chart indicates a downward trend. Two unsuccessful attempts to break the $0.54 resistance level on the 4-hour time frame have occurred in recent weeks. The fact that the value of ADA has risen to $0.54 indicates that bulls were influencing the market more than bears that period. A bearish engulfing candle that shows sellers are in control emerged as the price got closer to $0.34.

.33" width="1281" height="530" data-lazy-src="https://learn2.trade/wp-content/uploads/2026/01/4-hours-42.png"/> A trustworthy forex indicator, the QQE MOD index, is below the zero line and displaying a negative signal. A negative trend is indicated by the fact that Cardano is currently trading below the Hull Suite Crypto points.

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