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

COINOTAG recommends • Exchange signup Trade with pro tools Fast execution, robust charts, clean risk ￰0￱ account → Cardano price outlook: Cardano (ADA) shows renewed bearish pressure after a lower trendline rejection, with analyst Dan Gambardello warning of a possible correction toward $0.62 while key Fibonacci and moving-average supports near $0.80 may limit deeper ￰1￱ rejection signals near-term downside for ADA Correction target identified near $0.62; Fibonacci support around $0.80 may act as a ￰2￱ remains above key moving averages (20-week, 50-week), potentially cushioning sharper ￰3￱ price outlook: Cardano correction risks toward $0.62; monitor $0.80 Fibonacci support and moving averages for stabilization — read analysis and next steps. , "description": "Analyst Dan Gambardello warns Cardano (ADA) faces near-term downside after a lower trendline ￰4￱ targets near $0.62 conflict with Fibonacci supports near $0.80 and moving average floors." , 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 ￰5￱ Gambardello identifies potential correction targets near $0.62, though Fibonacci support around $0.80 could limit deeper ￰6￱ bearish signals, ADA’s position above major moving averages may help cushion short-term downside pressure amid broader market ￰7￱ 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 ￰8￱ Dan Gambardello warns a correction toward $0.62 is possible, though Fibonacci retracement levels around $0.80 and weekly moving averages could provide ￰9￱ 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 ￰10￱ the 2020 breakout, Cardano did not sustain momentum after that ￰11￱ 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 ￰12￱ recommends • Exchange signup Clear control for futures Sizing, stops, and scenario planning ￰13￱ futures account → Altcoins REJECTED Again! CRYPTO Tension Reaching A BREAKING POINT… Intro 00:00 Altcoin coiling 2:00 itrustcapital 4:50 Cardano macro setup 5:45 ADA dip target 8:15 ￰14￱ — Dan Gambardello (twitter.

com/cryptorecruitr) October 8, 2025 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 ￰15￱ 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 ￰16￱ 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 ￰17￱ 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 ￰18￱ Asked Questions How reliable is the $0.62 correction target?

The $0.62 target is a technical projection based on recent momentum and trendline ￰19￱ reflects a reasonable downside scenario but is contingent on macro market conditions and support behavior at $0.80 and weekly moving ￰20￱ 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 ￰21￱ Takeaways Trendline rejection matters : A clear rejection from a lower trendline increases the probability of a near-term ￰22￱ target : Analyst Dan Gambardello identifies a possible drop to ~$0.62, conditioned on further bearish ￰23￱ 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 ￰24￱ 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 ￰25￱ should prioritize risk management and observe how ADA interacts with these technical levels before assuming a trend ￰26￱ will continue to monitor developments and update this analysis as market data ￰27￱ recommends • Exchange signup Smarter ￰28￱ ￰29￱ analytics and risk features in one ￰30￱ up →