Cardano price dropped to near $0.26 as cryptocurrencies continued to struggle. ADA bulls face further pain if the price breaks below $0.25. Bitcoin’s crash to under $70,000 amid bear cycle fears is a major trigger. Cardano price fell more than 9% to extend its downturn, with this coming as Bitcoin tumbled to below the $70,000 support level.
With BTC dragging the broader crypto market into turmoil, Cardano (ADA) dropped to lows of $0.26, signaling prolonged downside risks in this bear cycle. Bitcoin sank further on Thursday, with bears breaking below $70,000 to plunge the whole sector into fresh turmoil. The 8% drop from a retest of $73,000 came as Strategy, the world’s largest corporate holder of Bitcoin, sank into unrealized losses worth billions of dollars. Treasury Secretary Scott Bessent had also noted on Wednesday that the government would not “bail out” Bitcoin.
However, despite confirmation that the US will not sell its BTC holdings, Cardano, alongside all the top altcoins, nosedived as BTC touched lows of $69,500. Analysts at Glassnode pointed out that forced selling is escalating. The $BTC capitulation metric has printed its second-largest spike in two years, highlighting a sharp escalation in forced selling.
Cardano traded at $0.27 at the time of writing on February 5, 2026, down nearly 9% on the day. Recent declines mean Cardano price has dived 21% in the past week and 36% in the past month. The plunge from the $0.8 peak in October 2025 has only accelerated in the past month, with bulls failing to hold onto notable bounces above the $0.30 level. ADA’s move aligns with bear cycle indicators, including a Fear & Greed Index in extreme fear territory and negative funding rates across exchanges.
Retail and institutional outflows have also amplified the slide, with macroeconomic conditions fueling further pain in a brutal start to the year for buyers. Given Bitcoin’s outlook, analysts see the current support level of $0.26 as a fragile one for Cardano.
ADA’s daily chart gives a largely bearish outlook after the token’s dip below $0.30 and $0.28. The dump across risk assets saw buyers fail to hold the 50-day moving average mark, while daily RSI hovers near oversold but lacks bullish divergence.
Cardano traded near $0.26 as the broader crypto market wrestled with Bitcoin’s decline below $70,000. Analysts warn that ADA could come under further pressure if the price breaks below $0.25, extending the ongoing downturn in the bear market.
Bitcoin’s slide to under $70,000 acted as a major trigger, with Cardano posting substantial losses as other top altcoins retreated. Cardano slipped to lows of around $0.26, signaling prolonged downside risk in the current bear cycle.
Bearish technical indicators were evident as ADA failed to sustain moves above key levels and dropped below $0.30 and $0.28. If the broader bear cycle intensifies, ADA could revisit around $0.20, though some analysts point to catalysts such as network upgrades or ETF approvals that could offer near-term upside toward $0.50 or $1.
Cardano was hovering around $0.26 as Bitcoin broke below $70,000, dragging the broader market into renewed volatility. Earlier in the day, ADA traded near $0.27, down about 9% on the session, with weekly losses around 21% and monthly losses near 36%, underscoring continued downside pressure in the current bear cycle.
Bearish technicals were evident as ADA failed to sustain moves above key levels and slipped through support near $0.30 and $0.28. The price action coincided with a breaching of the 50-day moving average and an RSI hovering near oversold, signaling weak conviction among buyers amid widespread risk-off sentiment and negative funding rates across exchanges.
If the bear market deepens, ADA could revisit the $0.20 area. However, some analysts point to catalysts such as network upgrades or ETF approvals that could provide near-term upside toward $0.50 or even $1, offering potential rebound scenarios despite the prevailing bear conditions.
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