Cardano Breaks Long-Term Downtrend, Eyes Key $0.25 Resistance

Cardano's price has shown signs of recovery after breaking its long-term downtrend, according to recent technical charts. The cryptocurrency is currently trading near $0.20, down approximately 1.10% over the past 24 hours.

The chart shows that Cardano has moved closer to the descending resistance structure that has controlled price throughout its prolonged decline. A breakout above the $0.22-$0.24 region would represent a meaningful structural change after months of lower highs.

According to CW8900, the current move remains a recovery inside the larger downtrend until a decisive breakout occurs. If buyers establish price above $0.25, the next major technical level sits around $0.32.