Cardano Zigzag Pattern Points to Potential Drop to $0.15 This Year

Market commentator Kevin Mercer has warned that Cardano holders could face another round of sharp price swings in the coming months.

Mercer described Cardano’s price behavior as a cycle of ‘pumping hard, dumping harder,’ and then moving on as if nothing happened. His commentary highlights the volatility that has characterized Cardano’s recent price movements.

Chart Projects Further Decline Toward $0.15

Mercer’s accompanying TradingView chart illustrates the projected zigzag pattern. It first highlights ADA’s recovery from the $0.14 level in late June to $0.28 in early October 2026.

However, ADA subsequently reversed direction and began a sharp pullback. At the time of the analysis, ADA traded around $0.217.

The red-shaded section projects further downside, with several short-lived rebounds followed by renewed declines. This pattern suggests that ADA could fall toward $0.15 in late 2026 or early 2027.

Potential Recovery Could Follow

Despite projecting further downside, Mercer’s chart also depicts a potential recovery after the anticipated correction. It extends into the first quarter of 2027 and suggests that ADA could regain ground toward $0.27.

Besides Mercer, other analysts are anticipating Cardano’s potential decline before a recovery. Over the weekend, popular stake pool operator Sssebi expressed a similar view.

Acknowledging the bearish sentiment surrounding Cardano, Sssebi suggested that ADA could experience a significant dip followed by a massive rebound this week.

In his view, the potential decline could give investors an opportunity to buy ADA at discounted prices ahead of a subsequent rally.

Everyone seems to have flipped bearish now.

I wouldn’t be surprised if next week we get a big dip followed by a huge pump.

A good chance to buy $ADA at a discount. pic.twitter.com/p2Qlod6wJI

— Sssebi🦁 (@Sssebi) October 24, 2026

Other Bearish Projections For Cardano

Beyond predictions of a temporary decline followed by a rebound, bearish projections for Cardano have also gained traction recently.

Analyst V warned that ADA could revisit its June 2026 low and fall below $0.14 if it breaks beneath the ascending channel it has maintained since July.

Similarly, prominent analyst Ali Martinez projected a potential downside target of $0.166, reinforcing concerns about further weakness in ADA’s price.

Nonetheless, these projections represent possible scenarios rather than confirmed outcomes. Neither Mercer’s chart nor the other analysts’ forecasts establish that ADA will reach the projected lows or subsequently recover to their anticipated targets.

At press time, ADA had fallen below $0.21 to $0.2021, down 1.47% over the past 24 hours and 8.34% over the past week.