Cardano’s ADA token moved lower today as the price slipped into a key demand zone between $0.33 and $0.36. ADA dropped to $0.3484 and then recovered to $0.372. The token is trading at around $0.3635, according to the CoinMarketCap data on Thursday.

ADA fluctuated between a low of $0.3484 and a high of $0.372. The trading volume has declined to $702 million, declining by 0.82% compared to the last session.

The daily performance increases by 1.29%. The weekly chart shows a 10.06% drop. The major altcoins still have a mixed market sentiment.

Source: CoinMarketCap

ADA Builds Momentum in Support Range

Analyst Marcus Corvinus highlighted the zone between $0.33 and $0.36 as the primary one to attract buyers. He noted that this level has caused reactions in the past. He said that the zone can be an attribute of the next structural step of ADA.

Corvinus said that momentum has to build within this range. He has observed that a consistent response would be able to sustain a bounce. He pointed out that there is a great resistance of $0.53, which requires very strong continuation.

Source: X

Moreover, another analyst, More Crypto Online, looked at the short-term condition. He mentioned that ADA will need to break above $0.404 to ascertain initial bullish control. He defined this level as the primary technical catalyst among buyers.

He added that the 1-2 upside setup remains speculative. He said confirmation depends on a clean breakout. He warned that failure to reclaim resistance may keep the trend weak.

Source: X

Also Read: Cardano Cuts Central Control With Major 220M ADA Delegation

ADA Derivatives and Indicators Signal Weak Momentum

CoinGlass data shows a 2.51% rise in futures volume, reaching $1.20 billion. Open Interest fell 1.10% to $650.16 million. The token funding rate sits at 0.0014%, showing balanced positioning.

Source: CoinGlass

The MACD line is at -0.0038, while the signal line is at -0.0062. The histogram sits at -0.0024. The MACD remains below the signal line, showing a mild bearish crossover. The negative histogram reflects weakening momentum as the lines converge during consolidation.

The EMA 20 is at $0.3823 and sits above the current price. It acts as short-term resistance. A close above the 20-EMA would signal early strength.

The EMA 50 is at $0.4051 and remains above both the 20-EMA and spot price. It shows continued bearish pressure in the medium-term trend. The token must reclaim this level to shift momentum.

Source: TradingView

The EMA 100 stands at $0.4724, far above current trade levels. This confirms a broad downtrend. The EMA 200 at $0.5623 reinforces long-term weakness, as ADA remains well below major trend markers.

Futures participation remains steady. Funding data shows balanced expectations. Traders are waiting for a clearer break from the demand zone.

Also Read: ASTER Holds $0.60 Zone as Analysts Target a Break Above $1