Kevin Mercer's TradingView Chart Sees Cardano (ADA) Sliding to $0.15 by Early 2027

Mercer's Zigzag Chart Flags $0.15

Market commentator Kevin Mercer published a TradingView chart on Monday, October 26 in which he warned that Cardano (ADA), one of the larger altcoins by market value, could slide as low as $0.15 by the end of 2026 or early 2027, and the projection arrived after a month in which the Cardano price swung hard in both directions. Mercer drew the forecast himself, sketching an expected zigzag pattern on the charting platform rather than lifting it from an on-chain record, and he summed up the token’s recent behavior in one line: it “climbs hard, drops even harder, then moves on as if nothing happened.” A zigzag, in charting terms, is a corrective structure of sharp counter-trend swings rather than a slow, orderly pullback, which is why each bounce in Mercer’s sketch is drawn to fail. The chart behind the warning walks through the setup in stages. It first marks Cardano’s recovery from roughly $0.14 in late June 2026 to about $0.28 in early October, a doubling that took a little over three months before the trend broke. From there Mercer draws a steep reversal. A red shaded band sketches the downside he expects: several short-lived bounces, each one sold, until Cardano (ADA) trades into the $0.15 area late this year or early next. He attached no probability to the path and no timeline for the individual bounces beyond the end-of-year window. That run gave holders a clean three months of gains; the reversal drawn after it would hand most of the gain back. Chart forecasts of this kind describe one analyst’s reading of price structure, not a measurement of anything recorded on-chain. Nothing on the chart is a confirmed outcome; it is a scenario conditioned on the correction continuing, and Mercer’s framing leaves room for it to fail at any of the turns he has drawn.

Targets Cluster Near the June Low

Mercer’s chart does not stop at the low. It also draws a recovery leg running into the first quarter of 2027 that would carry Cardano back toward $0.27, erasing most of the projected decline. Other market participants see the same shape with the pain first. Sssebi, operator of a widely followed staking pool, laid out a timeline close to Mercer’s over the weekend, writing on X that “everyone seems to have turned bearish now” and that “a big drop next week followed by a big pump wouldn’t surprise me.” He called the projected fall “a good chance to buy Cardano (ADA) cheap,” framing the drawdown as an entry window ahead of a rally rather than an exit signal. Holders weighing that argument against the operational side of delegation can compare setups in our guide to choosing a Cardano stake pool. A stake pool, in Cardano’s proof-of-stake design, is a server an operator runs on behalf of delegators, who keep custody of their coins; that structure is why a pool operator’s market read travels quickly among ADA holders. The more bearish targets sit lower. Analyst V has warned that a break below the rising channel Cardano has defended since July, in place for about four months, would open the way back to the June low, under $0.14. Ali Martinez went further with a specific number, setting $0.166 as a downside target, a call he maps as roughly 20% downside after the channel breakdown. The disagreement between these calls turns on sentiment, the kind of reading the Crypto Fear and Greed Index exists to quantify: Sssebi’s entry case only works if the bearishness he describes marks a local extreme. Readers who want to see how current price action stacks against these levels can follow our Cardano technical analysis coverage.

None of the paths drawn this week is a promise. Mercer’s $0.15, V’s sub-$0.14 and Martinez’s $0.166 all land in the same neighborhood as the June low, which tells us the bearish cluster treats that zone as the market’s reference floor rather than three independent discoveries. The single fact that would break the cluster is a hold: as long as Cardano keeps defending the rising channel that has contained price since July, the deeper targets stay undrawn in practice. That is where we would watch. And weight matters: Mercer has not published the prompt or question behind his chart, the wording is not on the record, and a projection asked “where does the zigzag end” answers differently from one asked whether support holds.