Cardano is attempting to stabilize after another difficult stretch, with ADA recovering roughly 4% from today’s local low and trading back around $0.18.
CoinGecko data shows ADA dipped as low as about $0.1717 over the past 24 hours before rebounding toward $0.178-$0.18. Trading activity has also picked up, with 24-hour volume rising significantly from the previous day.
The bounce is encouraging for bulls, but More Crypto Online is not convinced that the correction is finished.
His latest 4-hour chart still leaves room for another low before the Cardano price can establish a more reliable bottom.
What you'll learn 👉
ADA Is Already Deep Inside Its Support Zone
More Crypto Online is watching a broad Fibonacci support area between approximately $0.1617 and $0.1824.
ADA is now trading inside that zone.
The upper boundary at $0.182381 represents the 61.8% retracement on his chart, while the deeper 78.6% Fibonacci level sits around $0.161710.
That makes the current bounce important, but not enough by itself to change the structure.
More Crypto Online specifically says the micro structure of the correction remains unclear and that another low still looks likely.
In other words, the analyst is watching for a bottom in this region, but he does not believe one has been confirmed yet.
Why Another ADA Low Remains Possible
The 4-hour structure still shows a clear sequence of lower highs and lower lows.
ADA has been moving inside a descending channel since the October peak around $0.28, and the latest rebound has not yet broken that pattern.
Even after today’s recovery, ADA remains well below the recent $0.20 area.
That level is particularly important because the chart marks resistance close to $0.20, where price previously struggled before extending lower.
A move back above $0.20 would begin improving the short-term picture.
Until that happens, the rebound from $0.1717 can still be treated as a reaction inside a larger downtrend.
Read also: Cardano Pushes DeFi and Real-World Assets With 120M ADA Program and Copper Proposal
$0.1617 Becomes the Key Bearish Target
If ADA fails to hold the current area and makes the additional low More Crypto Online expects, the most obvious target is the lower end of his support box around $0.1617.
From $0.18, that would mean roughly another 10% decline.
The significance of that level comes from the 78.6% Fibonacci retracement, which often acts as one of the final deep support areas before a corrective structure either reverses or breaks down further.
That does not mean ADA must fall to $0.1617.
The analyst’s point is that there is still no reversal signal strong enough to declare the low already in.
Cardano’s Recovery Still Needs Confirmation
Today’s rebound is useful because ADA has reacted from deeply depressed prices.
CoinGecko currently shows a 24-hour range of approximately $0.1717 to $0.1831, putting the rebound at around 4% from the session low to current levels and more than 6% from low to high.
But ADA is still down about 5% over the past seven days and almost 30% over the past month, so one green session does not erase the larger decline.
The setup therefore remains fairly straightforward.
Holding above roughly $0.17-$0.18 keeps the possibility of a bottom forming inside More Crypto Online’s support zone alive.
A break toward $0.1617 would fit his expectation for one more low.
And a stronger recovery above $0.20 would be the first more convincing sign that Cardano bulls are finally regaining control.
For now, ADA has bounced.
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