Recent pullbacks in Bitcoin and Cardano have kicked off fresh debate: is the crypto market weakening, or just consolidating before its next major move? Bitcoin slipped below $80,000 again, while Cardano traded under $0.60, levels some traders quickly labeled a “crash.” Crypto commentator Dan Gambardello, however, argues for a longer-term view. 

Drawing on historical patterns, he reminds investors that similar fear dominated markets during the COVID-19 crash back when Bitcoin fell under $4,000 and Cardano plunged below $0.02 – price points long surpassed. His comments suggest the current market action might be an early phase of a broader financial shift, with crypto still potentially leading the way.

BTC and ADA Price Check & Levels

Bitcoin currently sits around $77,805.58, marking a 2.12% drop over the past 24 hours and the weekly chart shows a 7.58% decline. Its substantial market capitalization, still over $1.5 trillion with nearly 20 million BTC circulating, points to a solid long-term market presence despite short-term choppiness.

Cardano, meanwhile, is showing a similar short-term decline. It currently trades at $0.5753, down 1.49% on the day. Earlier in the session, ADA price action started stronger, peaking near $0.620 before facing a sharp rejection down to an intraday low of $0.540. It has since partially recovered.

Key support levels traders are watching for ADA include the recent bounce zone at $0.540 and the $0.560 area, where minor rebounds have occurred previously. On the upside, immediate resistance lies near $0.5841, followed by psychological levels at $0.600 and the recent peak near $0.620. Breaking these levels is crucial for any potential reversal.

Technical Indicators Suggest a Turning Point May Be Near

The RSI for Cardano is sitting at 36.55, suggesting the asset is nearing oversold territory. A further dip could spark buying interest. Additionally, the MACD indicator is showing bearish momentum, but signs of flattening in the histogram hint at a potential crossover. Traders often watch for such signals as potential triggers for short-term price reversals.

Looking further out, Coincodex forecasts for December 2025 predicts ADA could trade between $0.718 and $0.729. If this holds, it would mean a potential gain of over 25% from current prices.