Cardano (ADA/USDT) Prepares to Test $0.3909 as Market Price Drops
Estimated Reading Time: 3 minutes
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Cardano against Tether over the past 24 hours has recorded a gain of about 0.75%, performing better than the broader crypto 0.23% gain. Additionally, the 7-day trend of the pair is displaying a strong 11.9% rebound despite a 13.8% monthly fall.
Meanwhile, notable developments attributed to this minor rise in price are the Leios upgrade and institutional validation, as the MACD seems to be showing positive but waning short-term strength.
Currently, Cardano trades at $0.3919 with more than 28.6 million volumes on the daily chart.
Technical Indicators
Major Resistance Levels: $0.3975, $0.4100, and $0.4200
Major Support Levels: $0.3912, $0.3800, and $0.3700
Technical Analysis
Technically, Cardano against Tether on the daily timeframe appears to be extending its move to the south after facing resistance around $0.3943 in recent times. The Guppy Multiple Moving Averages (GMMA) that was showing signs of recovery in the previous session seems to be slightly diverging. This shows the bears are already creeping into the market, pulling the price down as gains made previously.
Meanwhile, beneath the chart, the MACD is displaying falling bullish pressure as faint bullish histograms move closer to the signal line.
To this end, if the $0.3500-$0.3400 range remains unbroken, a move to the north is still possible.
Cardano has formed a falling wedge pattern on the daily chart
If the breakout occurs, we might see $ADA rise towards targets at $0.50, $0.70, and $1 🎯👇Crypto Traders-join Telegram👇 https://t.co/oRAVD0i3ly
. pic.twitter.com/VupczZw7NI— Whales_Crypto_Trading 🐋 (@WHALES_CRYPTOt) January 9, 2026
However, @Whales_Cryptot has suggested that Cardano has formed a falling wedge pattern on the 24-hour timeframe, stating that once a breakout is spotted, a move above $0.5000 may be seen.
Today’s Cardano Update
Cardano, on the larger timeframe, has been correcting for a long period of time, operating above $0.3200. As it stands, it appears the market is about to complete the current correction with a test to see if the buyers can prevent another low.
Meanwhile, on the smaller timeframe, the token has not done anything surprising after an impulsive upside move. However, the $0.3490 level is significant, as holding above or breaking below this line would determine the next course of action.
ADA/USDT Analysis: Bearish Momentum Waning, What’s Next?
On the smaller chart (4H), ADA/USDT appears to be operating within a clustered set of EMAs, dropping value after recording a slight move to the north. Meanwhile, the MACD seems to be showing that bearish pressure is waning, and a potential upside move may be seen in the near term as the $0.3909 support line holds.
You can purchase crypto coins here. Buy Crypto
