ADA holds the $0.34–$0.35 base, but the descending channel still controls trend direction. Repeated failures below the $0.36–$0.38 EMA cluster keep rallies corrective. Midnight and treasury funding improve long-term outlook, not short-term price action. Cardano price today trades near $0.35 as the token attempts to stabilize into the final sessions of 2025.
ADA remains under pressure after a 58% decline year to date, with price still nearly 90% below its $3.10 all-time high. Sellers continue to control the broader structure, but downside momentum has slowed as the market probes for a durable base. On the daily chart, Cardano remains locked inside a well-defined descending channel that has guided price lower since October. Each rally attempt has stalled beneath falling resistance, while successive lower lows confirm trend continuation.
Price is currently hovering near the lower half of the channel, holding just above the $0.34 to $0.35 demand zone. That area has acted as short-term support throughout December, absorbing sell pressure but failing to spark meaningful follow-through. The Supertrend remains bearish near $0.42, reinforcing that trend control has not shifted. Parabolic SAR dots continue to print above price on the daily timeframe, signaling that sellers still dictate direction despite recent stabilization.
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