Cardano (ADA) has recently been trading below the $1 mark, currently priced at $0.8525, with a modest 1.5% increase over the past 24 hours. This slight rebound, however, presents a mixed sentiment for ADA, as critical support levels are showing signs of potential breakdowns. Traders and investors are closely monitoring these crucial demand zones that could determine the cryptocurrency’s next move.
Key Support Zones for Cardano Price: $0.77 and $0.68
Data from IntoTheBlock highlights significant support zones between $0.8366 and $0.6683, where 223,070 wallets collectively bought 1.97 billion ADA. This range serves as a major demand barrier, which could help bulls protect ADA from further decline. If this support holds, it may set the stage for a price rebound.
A secondary support level exists between $0.68 and $0.77, which has historically been a reliable platform for short-term rallies. Cardano has often seen price bounces at this level, and a similar scenario could play out again if the support is tested.

However, if ADA fails to maintain the $0.5973-$0.7556 support zone, a sharp decline could follow. More than 405,660 addresses acquired 5.39 billion ADA at an average of $0.5973, making this level crucial for price stabilization. A breakdown here could push Cardano’s price toward $0.46, with 432,150 addresses holding 3.5 billion ADA at this level.
Historical Context and Technical Analysis
The $0.5973-$0.7556 zone has historically acted as both support and resistance. In December 2023 and March 2024, it created negative pressure, resulting in price rejections. However, it also served as a temporary support in November 2024. This reinforces the importance of this range in ADA’s price dynamics.

Additionally, the recent MACD crossover on the 4-hour chart signals a potential upward shift in momentum. If Cardano breaks through the $0.87 resistance, the outlook becomes more bullish, with $0.84 support crucial for maintaining price stability.
Whale Activity and Market Sentiment
A surge in whale activity is another positive sign. Over the past two days, whales have purchased over 20 million ADA, indicating growing confidence in Cardano’s long-term potential. With trading volume reaching $917 million, market interest remains high, suggesting that ADA could see upward price movement in the near future.
Also Read: Cardano (ADA) Gains Institutional Attention As Grayscale and Hashdex Bet Big on ADA’s Future
In conclusion, while Cardano faces potential risks if key support levels break, the growing whale interest and positive technical signals could lead to a bullish turnaround, particularly if ADA can maintain support at $0.84.
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.