The analysis indicates a bearish outlook for Cardano (ADA). Fundamentally, the recent topping of the Midnight coin, a Cardano-affiliated asset, contributes to this negative sentiment. Technically, ADA has breached a critical multi-year trendline that previously offered support since March 2020. The asset has also fallen below its monthly value area low and the 7-day rolling Volume Weighted Average Price (VWAP), indicating significant weakness relative to the broader market. A key support level at 38 cents has been definitively broken, suggesting further downside. The analyst projects a high probability of ADA declining to the 32 to 33 cent range, which represents a 9-12% drop from current levels. For any bullish reversal and a return to market stability, ADA would need to reclaim and sustain above the 38-cent resistance. Without such a robust bullish impulse, the market anticipates short-term stability followed by continued downward price action, targeting lower auction zones.