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Cardano price drops toward $0.21 support after rejection near $0.28 peak amid weakening momentum

Technical Signals
08 Oct 2026
Crypto news
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Bearish
Cardano price drops toward $0.21 support after rejection near $0.28 peak amid weakening momentum

Cardano's price fell to around $0.23 after being rejected at the top of an ascending channel near $0.28, signaling a potential move toward the channel's lower boundary near $0.21. Technical indicators like the daily RSI and MACD show weakening momentum, while the 4-hour chart reveals a bearish short-term trend. If the price breaks below $0.23 support, it could test the $0.21 level, which remains within the broader recovery channel. Meanwhile, the Cardano Foundation advanced its .ada internet domain application, highlighting ongoing development despite price weakness.

Cardano is trading at Rp4.074 on Pluang as of Oct 09, 2026 00:03 WIB, down 10.81% in the last day. The market cap stands at Rp154.38 trillion, reflecting significant investor interest despite recent price weakness. Sell orders dominate with 63% of activity, while the typical hold time is 126 days, indicating a moderately patient investor base.

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