Cardano looks like it is moving lower as it continues to stay below the major moving averages and fails to get any significant momentum. As can be seen from the 4-hour chart, the price of ADA is trading at $0.2452, recording a drop of 1.45% for the day, with the 100 period simple moving average hovering slightly higher at $0.2488. 

So long as the Cardano price continues to trade below this point, the bias is still to the downside. However, things look different for the new week as there are several factors that will soon play out and could change the direction of the ADA price movement.

A review of the 4-hour chart has revealed that the price of ADA coin is currently trading at $0.2452 with highs of $0.2496 and lows of $0.2443. The 100-period SMA at $0.2488 is resisting any upward movement. On multiple attempts in the past week, the coin has been unable to move above it. 

The RSI indicator currently stands at 41.72. That means the condition of the market is bearish, but it is not oversold yet. This means there could still be some decline to be seen before reaching the 30-level of oversold. Support levels include $0.23, $0.22, and $0.21. Resistance levels include $0.26, $0.27, and $0.28.

The volume is light at 18.24 million ADA, which tells us there is no panic selling, but also no aggressive buying. The ADA price is simply drifting lower inside a range. The 4-hour chart is bearish, but the longer term catalysts indicate this weakness could be temporary.

Cardano is on the cusp of significant network improvements. The Van Rossem hard fork is expected soon, introducing performance enhancements for Plutus smart contracts. The Leios upgrade aims to drastically increase throughput. 

The Midnight sidechain mainnet is also expected to launch, featuring the NIGHT token which generates DUST for ADA stakers. If delivered successfully, these upgrades could finally bring developers and users to Cardano.

On the regulatory front, the CLARITY Act would classify ADA as a digital commodity, and spot ETF filings are pending. The earliest approval window is August 2026. That is not far away. 

Whale accumulation is also happening in the background. Addresses holding 10 million or more ADA hit a four month high of 424, with large holders scooping up over 819 million ADA in six months during price weakness. Whales are buying while retail is selling.

Read Also: Cardano’s Founder Warns: Bitcoin Quantum Plan Won’t Save ALL BTC

Not everything is bullish. Cardano’s DeFi total value locked is just $132 million, down from $648 million in late 2024. Solana’s TVL exceeds $5.8 billion. Stablecoin supply on Cardano is only $49.7 million. 

The network is not being used at the same scale as its competitors. That is the core problem. Upgrades are great, but adoption is what drives the ADA price higher over time.

The ADA price is at $0.2452. The 100 period SMA at $0.2488 is the first level to watch. A daily close above that would flip the short term structure to neutral. A break above $0.26 would turn it bullish. The downside support is at $0.23, then $0.22. 

The catalysts are real, but they take time. The chart says short term bearish. The fundamentals say medium term bullish. The ADA price is caught in between. This week, watch $0.2488. That is the line that decides the next move.

That depends on your time horizon. The ADA price is struggling in the short term, trading below the 100 SMA at $0.2488. But whales are accumulating, major upgrades are coming, and ETF approvals could happen by August 2026.

The first level to watch is $0.2488, the 100 period SMA. A daily close above that would flip the short term structure to neutral. A break above $0.26 would turn it bullish. Without those breaks, the ADA price likely drifts lower toward $0.23.

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The post Here’s Where Cardano (ADA) Price Could Go This New Week appeared first on CaptainAltcoin.

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