Cardano News: ADA Price Stuck Below $0.80 as Bears Test Key Supports
Cardano Price Faces Selling Pressure
The $Cardano Price has slipped to around $0.76, extending its recent correction. Traders are watching closely as Cardano News remains cautious, with ADA struggling to hold above major support levels. The $0.80 barrier has proven difficult to reclaim, and bearish momentum is starting to weigh on sentiment.
Cardano Price in the past month - TradingView
Cardano Price Resistance at $0.80
The $0.80 zone remains the immediate resistance for ADA. Multiple attempts to break higher have failed, keeping the Cardano Price capped. A sustained move above $0.80 would be the first bullish signal, potentially opening a path back toward $0.85 and $0.90.
ADA/USD 1-day chart - TradingView
For now, however, ADA bulls face a tough battle against downward pressure. The chart shows ADA trading below the 50-day moving average ($0.86), signaling that short-term momentum has shifted in favor of the bears.
Cardano Price Support Levels to Watch
On the downside , ADA’s immediate support sits near $0.73 (200-day moving average). If this level fails, the next support lies at $0.71. A break below $0.71 could accelerate selling toward $0.62, and in a worst-case scenario, $0.55.
The $0.73–$0.71 zone is therefore critical for holding ADA’s medium-term bullish structure. If broken, the Cardano Price risks sliding into a deeper bearish phase.
Cardano Price Prediction from a Technical Outlook
- Resistance Levels: $0.80, $0.85, $0.90
- Support Levels: $0.73, $0.71, $0.62, $0.55
- Indicators: $ADA is trading under its 50-day SMA ($0.86), while still above its 200-day SMA ($0.73). Losing the 200-day SMA would be a strong bearish signal.
At present, ADA is consolidating between $0.80 resistance and $0.73 support. A breakout in either direction will determine the next trend.
Cardano News and Market Sentiment
Recent Cardano News highlights growing interest in the network’s ecosystem, but price action remains subdued. The broader crypto market downturn has weighed on ADA, limiting bullish momentum despite ongoing development activity.
If $Bitcoin stabilizes, ADA could rebound from current levels. However, continued weakness across the market would likely push ADA below its 200-day SMA.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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