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\n\t\t\t\t\t\t\t\t\tAnother analyst added that there’s no significaint downside pressure on ADA yet.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Aside from a few impressive but relatively brief upticks during the late 2024\/early 2025 rally, Cardano\u2019s native token has mostly underperformed in the last cycle.<\/p>\n
While many other large-cap altcoins, alongside the market leader, managed to break their previous all-time highs last year, ADA remained far from such a feat. Its subsequent decline was also quite painful, as it now trades over 90% below its record price seen in 2021. It\u2019s also out of the top 10 alts by market cap, slipping to the 15th spot on CoinGecko.<\/p>\n
However, popular analyst Ali Martinez noted that it has maintained a key level that has historically led to impressive price rallies, including one of triple digits.<\/p>\n
The support level in question is at $0.25, according to the analyst. In early 2023, ADA managed to rebound swiftly from it after the major correction at the time, and jumped by 85% in a relatively short period of time. Although that\u2019s an impressive feat, the September 2023 rally of 243% was even more profound after a successful bounce from that line.<\/p>\n
Martinez noted that the asset stands firm above that level now, currently trading $0.27 after it was rejected at $0.30 earlier this week. His short-term target is set at $0.36, while the secondary, more macro target, is all the way up to $0.53.\u00a0It\u2019s worth noting that ADA hasn\u2019t seen such high levels in over half a year.<\/p>\n
\n$0.25 is a critical support level for Cardano!<\/p>\n
In my analysis of the monthly chart, this floor has acted as a launchpad for significant rebounds on two major occasions:<\/p>\n
\u2022 January 2023: $ADA<\/a> bounced off $0.25, resulting in a 88.27% rally over the following weeks.
\u2022 September\u2026 pic.twitter.com\/COknFMkG3H<\/a><\/p>\n\u2014 Ali Charts (@alicharts) May 9, 2026<\/a><\/p>\n<\/blockquote>\n
No Downside Pressure?<\/h2>\n
Fellow analyst CW weighed in on how investors are positioning on ADA\u2019s futures market. They noted that there has been a notable uptick in long position net buying, which led to a minor price increase for the asset.<\/p>\n
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Moreover, CW believes ADA\u2019s momentum continues, and there\u2019s no evident downside pressure yet.<\/p>\n
\n$ADA<\/a> rose following net buying of long positions.<\/p>\n
And the upward momentum is being maintained. There is no downside pressure yet. https:\/\/t.co\/5iURKjSxNH<\/a> pic.twitter.com\/rpk8QEH4AZ<\/a><\/p>\n
\u2014 CW (@CW8900) May 9, 2026<\/a><\/p>\n<\/blockquote>\n
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