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Key Takeaways:
- ADA fell over 5% due to technical resistance at $0.86, not fundamental news.
- Support at $0.79 is critical; a rebound could reignite bullish momentum.
- $1.50 remains possible if key resistance levels are broken in coming weeks.
Cardano (ADA) has pulled back sharply after weeks of upward momentum, falling over 5% in the last 24 hours. The sudden dip took ADA from $0.86 to $0.79, catching many by surprise as expectations for a gradual climb were still strong. But with no fundamental news to blame, the drop appears rooted in technical pressures and profit-taking behavior.
❗️ Cardano Price Slides 5%, Is $ADA Rally to $1.5 Still on Track?
— Coinspeaker (@coinspeaker) July 29, 2025
Cardano price has slipped by more than 5%, causing the coin to struggle around $0.79. Details 👇https://t.co/qamXeYJnkR pic.twitter.com/O9X1TmvaWL
Technicals Trigger ADA Sell-Off
Unlike other market slides driven by headlines or ecosystem drama, Cardano’s decline was purely technical. Analysts point to strong resistance at $0.86—a level that triggered a wave of profit-taking from short-term holders. ADA’s nearly 30% rally in July made a pullback likely, and this move appears to be a classic retracement, not a full trend reversal.
Indicators now show a mixed picture. The 9-Day Moving Average continues to support the uptrend, but momentum tools like the RSI and Awesome Oscillator signal weakening interest. Slightly rising trading volume suggests active market engagement, keeping hopes alive for a rebound if bullish sentiment returns.
Support at $0.79 Holds the Key
The $0.79 support level is critical for ADA’s short-term outlook. A bounce here could set up another test of $0.86, with a potential breakout pushing prices toward $1.10. If that level clears, the long-discussed $1.50 target could become realistic again. However, a break below $0.75 might shift the trend bearish and delay recovery.
Also Read: Cardano Drops to $0.79 as Snorter Bot Presale Soars
Market watchers also note that ADA’s fate remains partially tied to Bitcoin’s next move. A stable or rising BTC could help lift ADA back into bullish territory, while a BTC downturn may drag it further.
Outlook: Reset, Not Reversal
Cardano’s recent slide looks more like a healthy pause than a sign of deeper trouble. The uptrend is still technically intact, and key support levels remain unbroken. If buyers return with conviction, ADA could be poised for a renewed push toward higher levels in August.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
