Foreign media analysis suggests that Cardano's token ADA has been under continuous pressure recently, with its price falling to a level rarely seen in recent years. The article argues that ADA has broken below a previously considered important support area, essentially erasing gains from the past few years, and the market is watching to see if this area can form a temporary support level again.

Prices returned to between $0.21 and $0.23.

According to the article, ADA is currently trading roughly between $0.21 and $0.23. This range has served as support in several past market cycles, making it a key level to watch in the short term.

The author notes that as prices continue to decline, the potential for further downside may be narrower than in previous periods. After months of selling pressure, sellers have not always been able to maintain dominance in this area, so the market is now focusing on whether there are signs of a bottoming out.

Volatility and trading volume contracted in tandem.

The article argues that the weekly Relative Strength Index (RSI) remains low, indicating that overall momentum has not improved significantly and the long-term trend has not clearly reversed. However, the Bollinger Bands are narrowing, reflecting a decline in both trading volume and volatility.

In such situations, prices often enter a new phase of directional choice. Based on this, the article predicts that ADA may experience significant fluctuations in the coming weeks, but the direction will still depend on changes in trading volume and which side, buyers or sellers, regains the upper hand first.

$0.25 and $0.30 are key levels to watch.

The article considers $0.25 as the first level that needs to be reclaimed. If the price returns above this level, it could indicate a recovery in buying pressure. A further break above $0.30 would signal a more significant trend reversal.

Conversely, if the downtrend continues, the market will continue to focus on whether a lower support level will be tested. Key levels to watch mentioned in the text include:

• Short-term support: $0.21 to $0.23
• Key support levels: $0.18 to $0.20
• Near-term resistance: $0.25

The article's overall assessment is that ADA's long-term trend remains weak, but after a continuous decline, selling pressure may be easing. Going forward, whether the price can hold its current range and regain above $0.25 will be a key signal for the market to observe whether Cardano is experiencing a phase of recovery.