The $Cardano price is once again under the spotlight as ADA struggles to hold the $0.80 region. With investors closely tracking both technical setups and market sentiment, the coming days could decide whether Cardano stages a recovery or risks breaking lower.
Cardano Price Holds Crucial Level
Looking at the daily chart, $ADA is currently trading just under $0.80 after failing to sustain momentum above $0.85. This zone is critical:
- •Immediate resistance: Around $0.80–0.85, with the 50-day SMA (currently $0.8611) reinforcing the ceiling.
- •Immediate support: Around $0.7367, aligned with the 200-day SMA, which has already acted as a bounce point recently (see green arrow).
If ADA can reclaim and close above $0.85, a move toward $0.90 and potentially $1.00 could follow. But failure to hold $0.80 risks sending the token back toward $0.73 and even $0.71.
Cardano Analysis: Is Cardano Losing Momentum?
From a technical trading perspective:
- •Broken uptrend: ADA recently fell below its ascending trendline, signaling weakening bullish momentum.
- •Moving averages: The 50-day SMA is still above price, acting as dynamic resistance, while the 200-day SMA offers strong support. This creates a range-bound environment between $0.73 and $0.86.
- •Candlestick structure: Recent candles show indecision, with buyers and sellers battling around the $0.80 psychological level.
Unless ADA reclaims the 50-day SMA, upside potential remains capped in the short term.
Cardano Price Prediction: What’s Next for ADA?
The Cardano news flow has been neutral to bearish lately, meaning price action is driven mostly by technicals and broader market sentiment (particularly Bitcoin’s moves). Based on the chart:
- •Bullish scenario: A close above $0.85 would open the door to $0.90–$1.00. This would also re-align ADA with the previous uptrend channel.
- •Bearish scenario: Losing $0.73 support would expose $0.71 as the next critical level. A break below that could accelerate downside momentum toward $0.62.
For now, ADA traders should watch $0.80 closely — it’s the line between a recovery attempt and further weakness.