Cardano Price Stabilizes at Weekly Lower Band: Accumulation Phase Ahead?

• Cardano trades near weekly lower Bollinger Band around $0.414 after sharp decline.
• Token dropped 16.7% over past week, 30% in two weeks, and 36.7% during last month.
• Analyst Trend Rider identifies $0.29-$0.41 yellow zone as key volume cluster demand area.

Cardano trades near its weekly lower Bollinger Band, signaling strong downside pressure with the mid-band acting as key resistance.

The 24-hour range between $0.4059 and $0.4202 shows intraday volatility, while market capitalization sits near $15.1 billion with roughly $825 million in daily trading volume. Zooming out, however, the picture is far less stable.

Multi-timeframe weakness dominates structure

ADA is down approximately 16.7% over the past week, 30% in the last two weeks, and 36.7% during the last month. Its one-year performance shows a decline of more than 60%.

This sharp drawdown, set against a modest 24-hour bounce, raises questions about whether Cardano is forming a short-term base or simply pausing before another leg lower.

On the weekly chart, Bollinger Bands highlight how aggressively the trend has turned lower. ADA trades below $0.41, almost exactly on the lower band around $0.414, after sliding from mid-range just a few weeks ago.

The mid-band at 20-week simple moving average sits around $0.73 and could serve as initial resistance zone. Any rebound will likely meet resistance first at the mid-band and then near the upper band around $1.05. The broadened bands reflect elevated volatility and may eventually be followed by contraction if Cardano begins consolidating.

The Directional Movement Index reinforces this bearish picture. The ADX line holds at 28, signaling a strong, established trend, while the negative directional index around 32 stands well above the positive index near 13.

This confirms that downside momentum is dominant and selling pressure has been sustained rather than a brief shakeout. Until positive directional index begins to rise and crosses back above negative directional index, the indicator set continues to frame Cardano’s structure as a live downtrend rather than completed correction.

Volume cluster provides context for entries

Market commentator Trend Rider frames Cardano’s recent pullback as a return toward a major demand zone. He notes that after the large downside wick that took Cardano to $0.28 a few weeks earlier, price has been drifting lower.

ADA is now approaching a highlighted “yellow zone,” which Trend Rider describes as the lower boundary of a key volume cluster. In that area between $0.29 and $0.41, a high amount of trading previously occurred and buyers stepped in aggressively.

According to his view, this zone is one of the more reasonable regions for a “buy-and-hold-for-weeks” strategy. He points out that Cardano’s long-term trend-support line sits just below, arguing that the closer price moves toward this support, the more attractive the long-term entry becomes.