ADA Struggles Below $0.60 as Weekly Chart Shows Continued Red Signals

⬤ Cardano’s ADA is still having a rough time on the weekly chart, and the technical picture isn’t exactly pretty. Those red waves on the weekly timeframe are still hanging around, which basically means the selling pressure hasn’t let up yet. Right now, ADA is trading somewhere in the mid-$0.30s—a far cry from where it used to be—and it’s sitting pretty close to the bottom of its recent trading range.

⬤ Looking at the weekly chart, ADA has been stuck below its key trend indicators for quite a while now, and they’re all lit up in red. That’s usually not a good sign—it typically means the market’s either in correction mode or just plain bearish. Earlier on, ADA did make some exciting moves up toward the $0.80-$1.00 range, but those gains didn’t stick around. The price pulled back hard, creating a pattern of lower highs and basically showing that sellers are still calling the shots.

⬤ Here’s the thing: $0.60 is the magic number right now. If ADA can push above that level and actually hold it, the weekly chart could start showing some green or blue instead of all that red—which would signal that momentum is finally shifting in the right direction. But until that happens, we’re likely looking at more of the same. Weekly indicators don’t change their tune quickly; they need to see consistent strength before confirming any real trend reversal.

⬤ Why does this matter? Because it shows how the bigger picture can lag behind what’s happening day-to-day. ADA staying under $0.60 keeps the medium-term outlook pretty cautious and suggests Cardano hasn’t really started its recovery yet. The next few weeks will be telling—either ADA finds its footing and starts building some upward momentum, or it stays trapped in this drawn-out bearish phase. Watching how price acts around that $0.60 zone will be key to understanding what comes next.