On January 10, 2026, Cardano (ADA) was an exception to the broader market's positive trend, trading in the red as most other cryptocurrencies saw gains. According to data from CoinStats, the price of ADA had fallen by 1.36% over the previous 24 hours, trading at $0.3892 at press time.
Technical analysis reveals a precarious position for ADA. On the hourly chart, a local resistance level appears to have been established at $0.3925. Analysts suggest that if the daily candle closes significantly below this mark, it could trigger a decline toward the nearest support level.
The situation on the daily timeframe shows a lack of bullish reversal signals. Traders are advised to monitor the interim level at $0.3850 closely. A confirmed breakout below this point could release accumulated selling pressure, potentially driving the price toward the $0.37 area.
From a mid-term perspective, the bullish momentum has faltered. Following the closure of the previous weekly candle, buyers have failed to sustain upward movement. If the current weekly candle closes near current prices or lower, sellers may gain control of the market. This shift in momentum could lead to a test of the $0.30 price range by the end of January.
