The Cardano price (ADA) fell 5.4% over the past 24 hours, dropping to $0.776 and bringing its market value to $27.8 billion. Trading activity, however, picked up sharply, with volumes jumping 34.8% to $1.5 billion, adding to the volatility.
DeFiLlama data shows that Cardano’s total value locked (TVL) has slipped to $341.8 million, representing a 1.8% daily drop that suggests softer DeFi participation. Fees collected on-chain totaled just $27,540, with network revenue at $13,882, well behind that of larger rivals.
Even with the recent dip, Cardano (ADA) remains firmly in the top 10 cryptocurrencies. The key question for traders now is whether the $0.80 support level can hold, potentially setting the stage for a recovery.
Cardano Price Prediction: Bulls Aim to Defend $0.80 Before Possible Rebound
Technical indicators are leaning bearish. TradingView’s one-day summary for ADA/USD shows a “Strong Sell” signal, with 13 sell, 13 neutral, and just three buy readings across oscillators and moving averages. The Relative Strength Index (RSI) stands at 36, nearing oversold territory but not yet at a capitulation point.
Short-term moving averages continue to pressure the asset, with the 20-day Exponential Moving Average (EMA) at $0.865 signaling a sell. The 200-day EMA, positioned higher near $0.748, remains one of the few supportive indicators; however, overall momentum suggests further downside risk if Cardano fails to reclaim key resistance levels.
Market analyst Ali Martinez (@ali_charts) emphasized the importance of holding $0.80.
In a recent chart, he projected that “as long as Cardano holds $0.80, a rebound to $0.95 stays on the table.” This aligns with potential recovery scenarios where ADA consolidates before testing higher resistance at $0.87 and $0.92.
Cardano price prediction depends on the $0.80 support level. A break below could lead to losses around $0.74, while defending this zone might push prices back to the $0.87–$0.95 range, supporting bullish forecasts.
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