- •The ADA bulls are holding the support of the $0.80 and appear poised to break out.
- •A crack beneath 0.85-0.90 may trigger an uptrend to 1.15, and maybe even 1.50 with the momentum.
- •Volume remains steady and RSI neutral, leaving room for ADA to go higher.
Cardano (ADA) is trading at $0.80 after slipping about 2% in the past 24 hours and over 4.5% this week. Despite the recent dip, ADA is above its support level. The price action suggests it might be preparing for a potential push toward the $1.15 mark — and possibly higher.
ADA Builds Base in Symmetrical Triangle
Cardano's (ADA) chart shows a symmetrical triangle forming since the start of 2025, as seen with lower highs and higher lows, indicating a state of equal buying and selling pressure. At this time, ADA is trading between $0.80 and $0.81, just above its 50-day moving average and a steeper support line, indicating that buyers are coming in to defend those levels, and thus supporting the price for now.
When the price starts tightening up like this, it’s usually a sign that a big move is coming. If ADA can break through the resistance between $0.85 and $0.90, it could really take off and we might see it push up to $1.15, and maybe even $1.50.
Short-Term Downtrend Tests Support
ADA slid from $0.87 down to $0.80, forming lower highs and lower lows, meaning sellers had the upper hand. Still, volume stayed consistent, so this wasn’t panic selling — more like slow and steady pressure.
Source CoinGecko
That $0.80 area has acted as a solid support so far. If ADA can bounce from here, it might be set up for a move higher. If this support breaks, the price could fall to around $0.76.
RSI is around 50 meaning neither buyers nor sellers are dominating right now. That balance leaves space for momentum to swing either way. If volume picks up with the breakout, that would confirm strength.
Market Cap Reflects Price Weakness
Cardano’s market cap fell about 9% over the past week, dropping from over $32.5 billion to below $29.5 billion. This drop matches the price move and shows real money leaving the market, not just a brief dip.
Without breaking back above the $30 billion mark, investors might stay cautious. Volume hasn’t spiked, which means no panic, but also no big buying yet.