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Cardano price traded downwards on Friday, losing 1.1% of its value and trading at $0.879 at the time of writing. The decline comes on the back of a 20% weekly rally which has brought the cryptocurrency coin to the brink of retesting the psychological $1 mark. Consequently, there remains an underlying bullish momentum that will likely provide support for ADAUSD in the near-term.
With the strong rally, ADA’s daily RSI hit 84- its most overbought levels in 2025. This triggered a natural pressure to book profit, hence today’s decline. In addition, the Money Flow Index (MFI) reading on the daily chart is at 81, adding credence to the overheating. Furthermore, a recent rumour of integration of ADA on Apple Pay turned out to be a misreporting of integration of Mastercard spending cards. Nonetheless, the market sentiment remains bullish, and that could catalyse a reversal.
The technical dip by Cardano price will likely be short-lived, especially if market bellwether, Bitcoin stays on the ascending channel. In the long-term an impending decision by Securities and Exchange Commission (SEC) on Cardano spot ETF could inject a stronger impetus in the markeyt. Meanwhile, Cardano chain has also performed well in the DeFi market, with its Total Value Locked rising by 13% in the last seven days.
Cardano Price Prediction
Cardano price pivot mark is at $0.871 and action below that level signals control by the buyers. That momentum will likely find initial resistance at $0.886. Breaking below that level will signal an extended control by the buyers, which could send the coin higher and potentially test the second barrier at $0.900.
Alternatively, action below $0.871 will favour the sellers to take control. That will likely see the first support level established at $0.859. Breaking below that level will invalidate the upside narrative. Furthermore, that could pave the way for an extended downside to test the next support at $0.845.
