Cardano continues to trade above a major long-term support level despite broader weakness across the cryptocurrency market. According to a recent technical assessment, this price behavior may serve as a favorable opportunity for traders considering long positions, as long as the support remains. The recent pullbacks have been affected by market sentiment, yet Cardano’s price action shows that the asset may still be moving within a defined corrective structure rather than entering a sustained bearish phase; the price seems to be adjusting, not collapsing. Mathew Dixon’s analysis relies on this distinction. Performance and Market Context Cardano has experienced significant volatility over recent weeks. Although the token recorded a slight gain earlier this week, it has declined significantly over the past month, reflecting broader weakness across the digital asset market. This pullback has prompted questions among traders, especially because of Cardano’s initial highs earlier in the cycle. Despite these declines, Cardano has not dropped below its long-term technical support. This has led some analysts to interpret the recent movement as part of a structured correction rather than a breakdown in market confidence. Technically speaking #ADA has only retraced in 3 waves, ABC from the peak marked by the arrow. This is corrective and hints at higher for #Cardano There is very important long term support below $ADA 0.24 and as long as that holds then we have good risk/reward for long positions.… pic.twitter.com/mJOVMtFbIX — Matthew Dixon – Veteran Financial Trader (@mdtrade) February 2, 2026 From a technical angle, Dixon’s analysis focuses on the ABC corrective pattern visible on Cardano’s monthly chart. In this framework, price movements are divided into three phases: an initial decline, a temporary recovery, and a final corrective leg. According to this view, the formation began in late 2024, when Cardano reached a local peak near $1.326 before entering a corrective phase. This initial pullback concluded in April 2025, with the price finding support around $0.511. That move represented the first corrective wave. The second phase was followed by a rebound that carried Cardano higher into August 2025, where it reached another peak near $1.019. Since that point, the asset has been trending lower, which Dixon identifies as the final corrective phase within the ABC structure. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Importance of the $0.241 Support Zone A key element of the analysis is the long-term support level around $0.241. Cardano has so far remained above this zone , which the analyst views as a positive sign. At the time of assessment, this support sat well below the prevailing market price, offering what Dixon describes as a favorable balance between potential upside and downside risk. As long as this level holds, the analyst believes long positions may be justified from a technical standpoint. However, no specific upside targets were outlined, suggesting that the focus remains on structure and risk management rather than short-term price projections. Risks and Conditions That Could Invalidate the Setup Despite the relatively constructive price outlook, the analysis also emphasizes the need for caution. A sustained move below the $0.241 support level would significantly weaken the technical picture and raise concerns about further decline. Dixon described such a breakdown as a serious risk to Cardano’s near-term outlook. Additionally, broader market conditions are also an important factor to take into account. If there is continued weakness across the cryptocurrency sector, this could place additional pressure on Cardano, potentially extending the corrective phase and delaying any attempt at recovery. Cardano’s current price activity shows that the asset is still operating within a corrective structure, and not a confirmed bearish trend. The asset’s ability to remain above its long-term support has drawn attention from technical analysts who believe the setup is offering a reasonable risk-to-reward profile for long positions. However, this outlook depends largely on the support level holding and the broader market conditions stabilizing. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Cardano (ADA) Price Outlook: Bullish Case Remains if This Support Holds appeared first on Times Tabloid .
