[DigitalToday reporter Yoonseo Lee] An analysis said the size of any rebound in Cardano (ADA) could depend on whether it holds the key support zone of $0.22 to $0.24.

On Oct. 15 local time, blockchain media outlet The Crypto Basic said analyst Giannis Andreou presented $0.22 to $0.24 as a key demand zone that could determine Cardano's next direction.

ADA is showing weakness in the short term. Its price is above $0.2278, but it is down 6 percent over the past 24 hours and down 12.5 percent over the past week. It is up 8.9 percent over the past month but down 33.5 percent since the start of the year.

Andreou singled out $0.2278 as the 0.618 Fibonacci retracement level. The analysis said this price level underpins support in the $0.22 to $0.24 demand zone. If ADA holds that range, he said, it could form a higher low than before and try to recover higher levels.

The first hurdle for a rebound is resistance at $0.26 to $0.28. If it reclaims that zone, the next price to watch for a breakout is $0.2910. Andreou expected the chance of further gains to rise if ADA moves above $0.2910 and then secures support during a retest of that level. He cited $0.3206 and $0.3698 as subsequent upside targets, and $0.4277 as additional resistance.

The final upside target is $0.4834. That is about 105 percent above $0.2354, the chart price used in Andreou's analysis. He described it as a conditional target that would require defending the current demand zone and clearing intermediate resistance levels in sequence. The analysis said each step, from holding support to reclaiming resistance, would need to be confirmed for the bullish outlook to gain traction.

If it falls below $0.22, the short-term rebound scenario could be shaken. In that case, Andreou pointed to $0.2110 as the next support. He said that if selling pressure is not withstood there, the market would need to consider the possibility of a further drop to the $0.19 to $0.20 zone.

In the short term, it is therefore necessary to confirm both defense on the downside and recovery on the upside. Holding $0.22 to $0.24 is a condition for preventing further declines, while reclaiming $0.26 to $0.28 is the next yardstick for judging whether a rebound can continue. Even if the support zone holds, the article said, it is hard to say the bullish scenario has been sufficiently confirmed if it fails to clear upper resistance.

Another analyst, More Crypto Online, raised the possibility that the price could check a low one more time before a full-fledged rebound. Still, it assessed that such a pullback could become a foothold for resuming an uptrend. The view leaves room for a short-term adjustment while holding that expectations for recovery remain if key support zones are maintained.

The key resistance level cited by More Crypto Online is $0.315. It said a break above that price would open room to rise to $0.405 and would strengthen the bullish outlook. On the downside, it watched a support zone of $0.16 to $0.215. It also noted that if the price falls below $0.16, the bullish scenario could weaken significantly and the risk of additional losses could increase.

The two analyses differ on specific price levels, but share the same direction in that a rebound could gather pace after holding major support and then breaking through resistance. For now, the criteria likely to determine the short-term trend are defense of the $0.22 level and whether it can reclaim $0.26 to $0.28, as presented by Andreou. After that, the outlook said, the potential for further gains can be gauged depending on whether key resistance levels such as $0.2910 and $0.315 are broken.

$ADA’S NEXT HIGHER LOW COULD SET THE STAGE $ADA is testing $0.22–$0.24 demand, with the 0.618 Fibonacci level near $0.2278 adding confluence. Hold this zone and reclaim $0.26–$0.28, and $0.2910 becomes the key breakout test. A confirmed break and retest would bring $0.3206 and $0.3698 into focus, followed by $0.4277. The drawn $0.4834 scenario implies roughly +105% from the chart’s price. Lose $0.22, and $0.2110 plus $0.19–$0.20 become the next supports.