ADA Shows Resilience With Strong Technical Support and Rising Volume
Cardano (ADA) rose 2% in the last 24 hours, trading near $0.87, even as regulators delayed a decision on a proposed Grayscale ADA ETF. The move signals that investors are focusing more on technical strength and institutional interest rather than short-term headlines.
The chart highlights ADA defending its support zone around $0.82–$0.84, where buyers stepped in following a sharp rejection at the $1.00 level earlier this month. Despite the regulatory pause, Cardano’s daily structure remains intact, with price continuing to consolidate above support.
Upside targets remain clear. A decisive breakout above $0.90 could bring back momentum toward $1.00, with the next resistance set near $1.15–$1.20. On the downside, analysts point to $0.80 as a key level that must hold to prevent deeper losses.
Market watchers suggest ADA’s recent resilience reflects a shift in sentiment. “Cardano holding above $0.85 while ETF news lingers in the background shows strong conviction from buyers. This kind of price action usually hints at growing institutional positioning,” According to BITX strategist .
According to BITX analyst , “Volume has been supportive on upward moves. If ADA can maintain this base, it increases the probability of a retest of $1.00 in the coming sessions.”
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