Dan Gambardello Sees Cardano Facing Further Weakness After Trendline Rejection, $0.62 Dip Possible While $0.80 Support May Hold

• Trendline rejection signals near-term downside for ADA

• Correction target identified near $0.62; Fibonacci support around $0.80 may act as a floor.

• ADA remains above key moving averages (20-week, 50-week), potentially cushioning sharper falls.

Cardano price outlook: Cardano correction risks toward $0.62; monitor $0.80 Fibonacci support and moving averages for stabilization — read analysis and next steps.

Dan Gambardello highlights Cardano’s latest trendline rejection, forecasting potential correction toward $0.62 amid weak market momentum.

• Cardano’s latest rejection from a lower trendline reinforces a bearish outlook and points to continued weakness in near-term price momentum.
• Dan Gambardello identifies potential correction targets near $0.62, though Fibonacci support around $0.80 could limit deeper declines.
• Despite bearish signals, ADA’s position above major moving averages may help cushion short-term downside pressure amid broader market volatility.

What is the Cardano price outlook after the trendline rejection?

Cardano price outlook is cautionary after the asset faced a decisive rejection from a lower trendline, signaling a likely continuation of near-term downside. Analyst Dan Gambardello warns a correction toward $0.62 is possible, though Fibonacci retracement levels around $0.80 and weekly moving averages could provide support.

Why did Cardano fail to replicate historical breakout momentum?

Gambardello compared the current cycle with 2020 patterns, noting a 714-day consolidation timeline that ended in May 2025. Unlike the 2020 breakout, Cardano did not sustain momentum after that period. He attributes divergence to broad market dynamics and alleged price manipulation, which he says have suppressed an otherwise expected altcoin breakout amid continued institutional and nation-state crypto adoption.

Price action shows Cardano losing ground after a 6.7% drop on September 22, which pushed ADA beneath prior support near $0.90. A subsequent attempt to recover to $0.89 on October 3 failed, and ADA consolidated near $0.82. The repeated rejections at resistance levels underscore prevailing bearish sentiment and constrained recovery momentum.

How low could ADA fall and what supports matter?

Gambardello’s technical review estimates a downside target in the mid-$0.60s, specifically near $0.62. Key Fibonacci retracements at $0.808 and $0.785 are cited as the first meaningful supports. The 20-week and 50-week moving averages, currently near $0.770 and $0.794 respectively, may act as additional technical floors and reduce the likelihood of a deeper decline.

What should traders watch next?

Traders should track volume on each rejection and monitor how ADA behaves around the $0.80 zone and moving-average levels. A failure to hold those supports could validate the $0.62 projection. Conversely, reclaiming trendline and resistance levels with increased volume would weaken the bearish case.

Frequently Asked Questions

How reliable is the $0.62 correction target?

The $0.62 target is a technical projection based on recent momentum and trendline structure. It reflects a reasonable downside scenario but is contingent on macro market conditions and support behavior at $0.80 and weekly moving averages.

What role do Fibonacci retracements play for ADA traders?

Fibonacci retracement levels provide commonly observed support and resistance zones; for ADA, the 0.786–0.809 region is highlighted as potential stabilization territory that could limit corrective depth.

Key Takeaways

• Trendline rejection matters: A clear rejection from a lower trendline increases the probability of a near-term correction.
• Correction target: Analyst Dan Gambardello identifies a possible drop to ~$0.62, conditioned on further bearish momentum.
• Supports to monitor: Fibonacci levels near $0.808–$0.785 and the 20-week/50-week moving averages may cushion declines; watch volume and reaction at these zones.

Conclusion

Cardano’s price outlook remains cautious after a lower trendline rejection, with a plausible correction toward $0.62 balanced by notable supports around $0.80 and weekly moving averages. Traders should prioritize risk management and observe how ADA interacts with these technical levels before assuming a trend reversal. COINOTAG will continue to monitor developments and update this analysis as market data evolves.