Cardano price down almost 3% on Tuesday, trading around $0.777 after failing to hold above the $0.80 mark. Earlier in the session, ADA pushed to $0.833, but sellers quickly stepped in and knocked it lower. The $0.80 zone has been a tough barrier for weeks, and today’s reversal shows it’s still where the heaviest resistance sits.
Bitcoin has been consolidating since climbing past $115k. Hopes for another push higher are also being fuelled by ongoing Cardano network developments, with talk around the Remittix CEX launch helping to steady sentiment.
Cardano’s DeFi footprint continues to improve, total value locked has risen more than 12% over the past week, providing fundamental backing to its medium-term bullish case. However, near-term direction hinges on how ADA reacts to the $0.80 pivot.
ADA Price Levels to Watch
- Pivot: $0.800
- Resistance: $0.833, then $0.880
- Support: $0.766, then $0.72
A clean break above that opens the door to $0.880, where fresh selling could emerge. A drop under $0.766 would hand short-term control back to sellers, making $0.720 the next test.
Outlook
Bulls still have a foothold, but momentum has slowed since last week’s rebound. As long as ADA stays above $0.766, the broader uptrend remains intact. Below that, the tone shifts quickly toward a deeper correction before any renewed push higher.
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