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ADA's price has retreated to critical support levels as sellers overpower buyers, pushing the
token back below $0.90 and now trading near $0.77. Analysts highlight that while the token has historically found strong support above $0.50, the consistent failure to surpass $1 indicates weakening bullish momentum. The key support levels to watch are now at $0.77 and $0.70, with resistance still firmly set at $0.90 and $1 [1].The broader price trend for
has shown a consistent pattern of lower highs since the end of 2024, reinforcing bearish sentiment. Despite occasional short-term rallies, the token has yet to reclaim the $1 level, a crucial psychological benchmark for further upward movement. If buyers are unable to secure this level, the likelihood of a sustained rally diminishes [1].Volume analysis further underscores the bearish outlook. After a brief spike in buying activity during mid-August, the volume has been steadily declining, with only six daily green candles since that period. While sellers continue to maintain downward pressure, the decreasing volume suggests diminishing interest, potentially opening a window for buyers to re-enter the market [1].
Technical indicators point to a possible relief rally as the token consolidates near the $0.77 level. Traders are closely monitoring this area for signs of renewed buying interest, which could lead to a short-term bounce toward the $0.90 resistance level. However, without a strong reversal above $1, a sustained recovery remains unlikely [1].
In the broader market context, Cardano’s price action reflects a broader struggle for dominance amid shifting investor sentiment and macroeconomic factors. While ADA has not yet shown the strength needed to break out of its recent consolidation, the asset remains under watch for potential reversal patterns that could trigger a renewed bullish move [1].
Source: [1] Cardano (ADA) Price Predictions for the Week Ahead (https://cryptopotato.com/cardano-ada-price-predictions-for-the-week-ahead/)

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