After several failed attempts to stay above $1, ADA is back around $0.80 – what’s next? Key Support levels: $0.77, $0.70 Key Resistance levels: $0.90, $1 0 Took ADA to the Key Support Cardano’s native token tried to hold above the support at $0.90 in late August, but sellers were too strong and the price turned this level into a resistance 1 the time of this post, ADA found good support just above $0.77, and buyers could return here to push it into a relief 2 by TradingView 3 Highs Indicate Weakness If we zoom out on ADA’s price action, we can see that since the end of 2024, the asset has been making lower 4 is a sign of weakness, even if the price always found strong support above $0.50.
The attempts to reclaim a price tag of $1 were rejected every time, and until buyers secure that level, it’s unlikely for ADA to rally 5 by TradingView 6 Dries Up After the spike in buy volume in mid-August, sellers returned and kept the pressure up, with only six daily candles closing in green since 7 the downtrend remains strong, sellers appear to be losing interest since the volume profile is 8 could open an opportunity for buyers to 9 by TradingView
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