Another analyst added that there is no significant downward pressure on ADA yet.
Aside from some impressive but relatively brief surges during the late 2024/early 2025 rally, Cardano’s native token has mostly underperformed over the past cycle.
While many other large-cap altcoins, alongside the market leader, managed to break their previous all-time highs last year, ADA remained far from such a feat. Its subsequent decline has also been quite painful, as it is now trading more than 90% below its all-time high price seen in 2021. It is also a top 10 alt by market capitalization, slipping to 15th place on CoinGecko.
However, popular analyst Ali Martinez noted that it held a key level that has historically led to impressive price increases, including one in the triple digits.
ADA to rebound by 240%?
The support level in question is $0.25, according to the analyst. At the start of 2023, ADA managed to quickly rebound from the major correction at the time and surged 85% in a relatively short period of time. While an impressive feat, the September 2023 243% rally was even deeper after a successful rebound from this line.
Martinez noted that the asset is now holding above this level, currently trading at $0.27 after being rejected at $0.30 earlier this week. Its short-term target is set at $0.36, while the secondary, more macro target goes up to $0.53. It is worth noting that ADA has not seen such high levels in over six months.
$0.25 is a critical support level for Cardano!
In my analysis of the monthly chart, this bottom served as a launching pad for significant rebounds on two major occasions:
• January 2023: $ADA rebounded by $0.25, leading to an 88.27% rally over the following weeks.
• September… pic.twitter.com/COknFMkG3H– Ali Charts (@alicharts) May 9, 2026
No downward pressure?
Fellow analyst CW explained how investors position themselves in the ADA futures market. They noted a notable increase in net purchases of long positions, which led to a slight increase in the price of the asset.
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Additionally, CW believes that ADA’s momentum continues and there is no obvious downside pressure yet.
$ADA increased following net purchases of long positions.
And the upward momentum continues. There is no downward pressure yet. pic.twitter.com/rpk8QEH4AZ
-CW (@CW8900) May 9, 2026
