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Cardano price drops over 11%, eyes potential recovery if it holds above $0.21 support.

Technical Signals
17 Oct 2026
Crypto news
View Source
Bearish
Cardano price drops over 11%, eyes potential recovery if it holds above $0.21 support.

Cardano (ADA) price fell more than 11% from its weekly opening, trading near $0.223 as it tests support between $0.21 and $0.22. Analysts highlight a possible recovery toward $0.30–$0.36 if ADA breaks above a descending trendline and maintains support above $0.21. Technical indicators show ADA below its 20-day moving average and a daily RSI of 42, indicating bearish momentum but not oversold conditions. Liquidation levels cluster around $0.234–$0.244, suggesting resistance ahead. Despite the weekly decline, the MACD remains above its signal line, hinting at potential stabilization. Large holder activity has decreased recently, and network transaction volume remains strong. The outlook depends on a confirmed breakout above key resistance levels for a sustained recovery.

Cardano's market cap stands at Rp148.1 trillion as of Oct 17, 2026, 19:21 WIB, with a 24-hour trading volume of Rp4.34 trillion on Pluang. The ADA price is Rp3,982, down 3.42% in the last day, while most Pluang users (86%) are buying rather than selling. Typical hold time on the platform is 127 days, indicating a relatively patient investor base amid recent price fluctuations.

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