Cardano Tests Descending Trendline with Possible Move Toward $0.379 Level

• Cardano presses against a descending trendline near $0.29, with potential breakout toward $0.379 resistance.
• Fibonacci extensions indicate upside targets at $0.32, $0.34, $0.35, and $0.37 for short-term traders.
• DEX activity shows $3.46 million volume, but application fees remain low at $8,551 on February 26.

Cardano tests a key resistance level as traders watch for a breakout. The price trades near a descending trendline on the 4-hour chart. Market participants monitor whether ADA can move toward the $0.379 level in the near term.

Cardano trades at $0.287 at the time of writing as the token records a 24-hour trading volume above $1 billion. ADA has fallen 3.54% over the past day.

Cardano Descending Trendline and Resistance Zones

Cardano remains in a clear downtrend on the 4-hour timeframe. The chart shows lower highs and lower lows over recent months. Price now presses against a descending trendline near $0.29.

Market analyst Man of Bitcoin stated that the price has reached the descending trendline, adding that a break above this level would likely trigger a wave-3 to the upside. The projected target stands near the 1.38 Fibonacci level at $0.357.

Key support remains between $0.24 and $0.25, and if the price fails to break higher, sellers may retest this zone. Fibonacci extension levels show several upside targets, including $0.32, $0.34, $0.35, and $0.37. The broader resistance zone stands between $0.48 and $0.54.

Price must sustain momentum above near-term resistance levels. Short-term recovery depends on consistent buying pressure. Still, no confirmation has appeared at the time of writing. Price action remains compressed under trendline resistance.

DEX Volume Spikes but Fees Stay Modest

Cardanos decentralized exchange activity shows sharp volume swings. On February 26, 2026, DEX volume reached about $3.46 million. Application fees totaled only $8,551 on the same day.

Over the past year, DEX trading volume frequently exceeded ten million dollars. During peak periods, it approached $20 to $25 million. Fee growth did not match those increases.

Early 2025 showed strong volatility, followed by steadier mid-year activity. Late 2025 and early 2026 brought new volume spikes. Despite higher trading bursts, fee generation remains limited.

Cardano now tests its descending trendline as traders watch for direction. A move above resistance could support a push toward the $0.379 level. Failure to do so may result in the price returning to lower support zones.