Cardano (ADA) shows continued bearish pressure on the weekly chart as of March 6, 2026, with the price trading around $0.26859, staying below major resistance levels.
If buyers regain momentum, the first upside targets appear at $0.32917 and $0.39412, signaling early recovery potential.
A stronger bullish movement will mean ADA will have to overcome higher resistance levels. The new levels for ADA’s price increase will be $0.45841 and $0.58766, where all components of Ichimoku and resistance levels converge.
As seen on the TradingView chart, ADA will be able to increase its price to $0.62343 if it is able to sustain its price above these levels.
On the flip side, the immediate support for the asset is at $0.26859. If this support fails, the price may fall towards the mark of $0.21000.
If the asset continues to fall, the price may extend its decline towards the lower Bollinger Band. The last target for the asset, in this case, is at the mark of $0.16481.
Also Read: Cardano (ADA) Returns to Top 10 Crypto, Targets $0.3586 Resistance
RSI and MACD Confirm Bearish Pressure
From an indicator perspective, Cardano’s weekly RSI currently stands at approximately 29.36, which is in oversold territory. This means that selling pressure is strong, but the trend is also showing a lack of momentum.
In previous trends, this level of relative strength has usually attracted buyers, but the trend is currently bearish, with downward momentum holding strong.
The MACD indicator is still bearish, as the MACD line remains below the signal line, with the MACD line currently at -0.10810, and the signal line at -0.10402, with the histogram still negative at -0.00407.
Cardano Foundation Partners With DFX Swiss
Cardano’s popularity is growing as 137 SPAR supermarkets in Switzerland are now accepting payments in ADA. This may fuel the bullish momentum for the asset, and the price of ADA may rise in the coming days.
The integration was made possible through the Cardano Foundation’s partnership with DFX Swiss, which allows for real-time payments via cryptocurrency exchanges. Easier spending options for users could boost adoption, which may have a positive effect on the token’s price momentum.
Why This Matters
Increased representation in stores signals the increasing practical application of Cardano, thus attracting more investors and traders.
The combination of technical weakness, strength, and increasing support suggests a chance of a comeback, especially for risk-taker investors.
Also Read: Cardano (ADA) Tests Support as $13.8M USDCx Mint Signals Incoming DeFi Liquidity
