Cardano (ADA) Price Struggles Near $0.7750 Resistance

Cardano (ADA) is currently at a critical juncture as buyers and sellers engage in a fierce battle for control. Over the past 24 hours, the price of ADA has oscillated between $0.730 and $0.755, with the current trading price hovering around $0.7523. Despite efforts to recover, the price remains under pressure after dipping below $0.720, and resistance near $0.7750 continues to pose a significant challenge.

The price action of ADA has been particularly noteworthy. After bouncing from the $0.650 support level, ADA has struggled to build upward momentum. It remains below $0.770 and the 100-hour Simple Moving Average (SMA), indicating weak buying strength. Additionally, it is trading below the 200 Exponential Moving Average (EMA) line with resistance at $0.7514 on the ADA/USDT hourly chart, further limiting potential gains.

For ADA to gain bullish momentum, it must clear the $0.7750 resistance level. A successful breakout could drive the price toward $0.800, with the next major hurdle at $1.00. If buyers sustain momentum beyond this point, further gains toward $1.20, $1.25, and $1.35 could follow. Conversely, immediate support is around $0.720. Losing this level may push ADA back to its recent low of $0.650. If selling pressure increases, additional support zones lie at $0.620 and $0.600. A stronger downtrend could expose the cryptocurrency to deeper losses, with critical support around $0.580 and $0.550.

Market indicators show mixed signals. The hourly Relative Strength Index (RSI) is hovering near the neutral 50 level, signaling indecision among traders. Meanwhile, the Moving Average Convergence Divergence (MACD) suggests bearish momentum, making it difficult for ADA to overcome resistance. The low trading volume further reinforces market uncertainty.

To shift toward a bullish trend, ADA must reclaim $0.7750 and hold above it. Traders should monitor key levels closely, as a breakout past $0.7750 or a drop below $0.720 could determine the cryptocurrency’s next move. The current price action and technical indicators reflect a market in flux, with buyers and sellers locked in a battle for control. The outcome of this struggle will likely determine ADA's short-term trajectory.